Saudis Unbowed by Oil Crash With No Spending Cut Before IPO

  • State-Run Aramco Not Cutting Investment in Oil, Gas Projects
  • Aramco Chief Sees IPO as Sign of Confidence in Saudi Business

Oil Drops As Saudis Plan to Maintain Spending

The world’s biggest oil producer is spending as much now as it did before the crash in crude prices, signaling no surrender in Saudi Arabia’s battle with rivals.

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