Oppenheimer: Aramco IPO Signals Cheap Oil Is Here To StayRupert Hargreaves
Saudi Arabia's proposed IPO of the kingdom's state oil company, Saudi Aramco signals that oil prices are here to stay for the foreseeable future, according to a research report Oppenheimer issued to clients on Monday.
Saudi Arabia looks to be positioning itself to weather a prolonged period of depressed oil prices, with the rebalancing of its budget and the proposed IPO of Aramco. The country's government has set its 2016 . . .
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