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Opinion
Liam Denning

Saudi Aramco's Fire Sale

Selling a stake with oil at $30 is not a sign of strength.

That strange and rather unappetizing sound you just heard was the world’s energy bankers simultaneously salivating over the prospect of the oil deal of the century.

In an interview published Thursday by The Economist, Saudi Arabia’s deputy crown prince Muhammad bin Salman said his country is considering privatizing Saudi Aramco.