The world is glutted with oil right now even after the near total collapse of Venezuela and the blockade on Iranian crude
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Saudi Aramco may be the world’s most profitable company, with more than $200 billion of pretax income over the past year. But even if the Kingdom manages to launch its IPO of the company, prudent investors should stay away, at any price. Here’s 10 reasons not to invest:. A September 14 cruise missile strike disabled two of oil giant Saudi Aramco’s crown jewels, the Abqaiq oil stabilization plant and the Khurais oilfield.
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