Bloomberg The initial public offering of Saudi Arabian Oil Co. remains on track while the government considers how to meet all its objectives from the sale of a stake in the world’s biggest oil company, the kingdom’s Energy Minister said. Saudi Arabia hopes to list the company, also known as Saudi Aramco, in early 2018, Energy Minister Khalid Al-Falih ...

  Bloomberg Saudi Arabia’s energy minister said an oil-output freeze would be “positive” if it happens, while ruling out a cut in production. Iran’s oil minister became the latest OPEC member to say he will attend a meeting of producers in Algiers next month to discuss market conditions, including the possibility of keeping crude production at current levels. Saudi Arabia ...

Reuters Sadara Chemical, a $20 billion petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, has started operating its mixed-feed cracker at the venture’s petrochemical complex in Jubail. The facility on the Gulf coast of Saudi Arabia, the first mixed-feed cracker in the six-nation Gulf Cooperation Council, can process both ethane and naphtha. Sadara Basic Services Co, ...