{"id":86801,"date":"2024-06-03T00:00:00","date_gmt":"2024-06-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/03\/aramco-opec-in-the-spotlight\/"},"modified":"2024-06-03T00:00:00","modified_gmt":"2024-06-03T00:00:00","slug":"aramco-opec-in-the-spotlight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/03\/aramco-opec-in-the-spotlight\/","title":{"rendered":"Aramco + OPEC in the spotlight"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two big stories on Saudi in the foreign press this morning are oil giant Aramco<\/strong> kicking off its secondary offering yesterday (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-02\/saudi-aramco-s-12-billion-stock-offer-sells-out-in-hours\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/deals\/saudi-arabia-kicks-off-landmark-aramco-share-sale-raise-up-13-bln-2024-06-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/02\/saudi-aramco-begins-massive-share-sale-to-raise-around-12-billion.html?&amp;qsearchterm=Saudi\" style=\"\" rel=\"noopener\">CNBC<\/a>) and <strong>OPEC+\u2019s meeting in Riyadh<\/strong>, which saw the group decide to begin winding down production cuts in 3Q 2024 (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/opec-oil-prices-saudi-arabia-e806f1609df71b5bef4ee6c9b5199df0\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/06\/02\/opec-oil-group-awaits-concrete-interest-rate-cuts-before-factoring-impact-on-demand-saudi-energy-minister.html?&amp;qsearchterm=Saudi\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-02\/opec-has-outline-deal-extending-key-oil-production-cuts\" style=\"\" rel=\"noopener\">Bloomberg<\/a>). We have chapter and verse on both stories above. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Saudi plays heavily in Bloomberg\u2019s look at Trump-administration Treasury <\/strong><strong>Secretary Steve Mnuchin. <\/strong>The business information service let its inner isolationist out of its cage as it declared that Mnuchin is \u201c <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-02\/steven-mnuchin-gets-into-capital-investments-after-trump-treasury-role\" style=\"\" rel=\"noopener\">chasing Wall Street glory with his war chest of foreign money<\/a>.\u201d Mnuchin is believed to be managing funds for everyone from the Public Investment Fund to the UAE\u2019s Mubadala, and Japan\u2019s SoftBank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Saudi gets prominent play in Bloomberg\u2019s coverage of Steve Mnuchin\u2019s \u201cforeign war chest\u201d<\/p>\n","protected":false},"author":1,"featured_media":86802,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[139,10,158,1151,229,2130],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-aramco","tag-enterpriseam-ksa","tag-opec","tag-public-investment-fund-pif","tag-saudi-in-the-news","tag-steve-mnuchin","wpautop","entry"],"acf":{"mongo_id":"759deb24-1bf2-41b9-918c-1baf78c0cec6","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/60.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aramco\u2019s secondary offering + OPEC\u2019s extended production cuts lead the conversation on Saudi","related_issue":[86780],"teaser":"Plus: Saudi gets prominent play in Bloomberg\u2019s coverage of Steve Mnuchin\u2019s \u201cforeign war chest\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.072cbc72-c08e-4d1d-9d93-716e0764d9f2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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