Saudi Oil Capacity Now Rapidly Recovering From Devastating Attack, Aramco IPO Suddenly Imminent

On Tuesday, the story was that the Saudi Aramco IPO likely wouldn't happen this year. According to sources who spoke to Reuters, the offering is likely to be pushed to 2020 following the attacks on the kingdom's oil infrastructure which crippled 50% of production capacity. Conflicting headlines around when the Saudis will fully restore that capacity and, relatedly, how this month's dramatic events are likely to affect the IPO, have become a fixture of the news cycle. Read more: Saudi Aramco I