Saudi Arabia threatens to Privatize its Oil and Exit OPEC?

Saudi Arabia may actually be exiting OPEC. There are serious discussions about floating the state owned oil producer Aramco. Saudi Arabia attempted to get other oil producers around the world to agree to reduce production. Saudi Arabia is looking to float Aramco if the other producers fail to agree to cut production. The problem is that OPEC cannot reverse the trend in motion.

 

Latest Posts

Trump Tariffs & Liberation Day

President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from Europe, Japan, China, and more than 50 other nations. The problem is that [...]
Read more

Market Talk – April 2, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 101.39 points or 0.28% to 35,725.87 • Shanghai increased 1.69 points or 0.05% to 3,350.13 [...]
Read more