wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
Riyadh needs high oil prices to balance its budget and support the pricing for the Aramco initial public offering, which could be the world’s biggest. Prince Abdulaziz bin Salman heads to Vienna this week for his first OPEC meeting as Saudi Arabia’s energy minister.The veteran oil official, known as a tough negotiator, wants to ensure oil prices stay high enough for Aramco’s IPO, sources said.
The Saudis are also lobbying other producers to deepen cuts and have been signalling that they are ready to continue taking the biggest burden and to cut well in excess of their target. Saudi and Russian oil production costs are much cheaper than those in the United States so any OPEC cut. A price rise can hurt OPEC and its allies because it bolsters U.S. production and allows U.S. shale oil producers to grab a bigger market share.
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Eskom warns of possible loadshedding - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom has warned that the probability of loadshedding remains high on Sunday due to unplanned breakdowns. They want money we know them when they don’t have money to pay stuff. They threatening, not warning Usuqela kakubi kodwa eskom inene usiphilisa kabuhlungu .eskom is making our lives hard but we pay for electricity.
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Watford sacks manager Flores - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Watford have sacked manager Quique Sanchez Flores following a poor run of results in which the club won only one of their 10 league matches with the Spaniard in charge, the Premier League club said on Sunday. Silva next tomorrow if Everton can lose today
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Motsoaledi clarifies Senkubuge's SA citizenship - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Home Affairs Minister Aaron Motsoaledi has confirmed that Tshwane's former Member of Mayoral Committee for Transport and Roads Sheila Senkubuge has been living in South Africa for the past 35-years. A person who was not born in SA should not be allowed to be president. PresidencyZA ParliamentofRSA you need to look in this rule. It is crucial. HermanMashaba MmusiMaimane Julius_S_Malema She was my girlfriend You opened your equipment at the wrong time madam
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ANC stalwart Rhoda Joemat dies - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.African National Congress (ANC) stalwart in the Western Cape and former Member of Parliament Rhoda Joemat has passed away at the age of 71.
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Investigation exonerates Stellenbosch University Rector - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.An independent investigation has exonerated the Rector of Stellenbosch University, Professor Wim de Villiers, of attempting to interfere in the Constitutional Court litigation related to the University's 2016 Language Policy. Has helenzille cared to comment and maybe (!) apologised yet? Take note waldimar you did a hatchet job on this.
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