{"id":345539,"date":"2020-04-06T11:00:40","date_gmt":"2020-04-06T05:30:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345539"},"modified":"2020-04-06T11:33:45","modified_gmt":"2020-04-06T06:03:45","slug":"saudi-aramco-tests-ipo-level-as-payout-pledge-survives-price-war","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-tests-ipo-level-as-payout-pledge-survives-price-war\/","title":{"rendered":"Saudi Aramco tests IPO level as payout pledge survives price war"},"content":{"rendered":"<p>Saudi Aramco shares have shaken off the ravages of an oil-price war to briefly regain the $1.7 trillion valuation that the company achieved in its record-breaking initial public offering.<\/p>\n<p>The stock rose as much as 2.8 per cent to 32.55 Saudi riyals on Sunday in Riyadh, trading above the 32-riyal initial public offer (IPO) level it surrendered a month ago, only to turn negative in the last 10 minutes of the session and finish 0.5 per cent lower. Aramco\u2019s slump over the past few weeks reflects a dispute between Saudi Arabia and Russia over production levels and market share for crude oil.<\/p>\n<p>Aramco shares retreated as much as 27 per cent from a peak in December to the low plumbed last month, also dragged down by a decline in global oil demand as governments locked down economies to fight the coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco shares have shaken off the ravages of an oil-price war to briefly regain the $1.7 trillion valuation that the company achieved in its record-breaking initial public offering. The stock rose as much as 2.8 per cent to 32.55 Saudi riyals on Sunday in Riyadh, trading above the 32-riyal initial public offer (IPO) level it surrendered a month ago, only to turn negative in the last 10 minutes of the session and finish 0.5 per cent lower. Aramco\u2019s slump over the past few weeks reflects a dispute between Saudi Arabia and Russia over production levels and market share for [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-345539","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=345539"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345539\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}