The company's shares will be traded on Riyadh’s Tadawul stock exchange.
The president tweeted that he's authorized the release of strategic petroleum reserves "if needed" to stabilize energy markets after an attack on Saudi oil sites.
Yemen's Houthi rebels have claimed responsibility for the attacks in Buqyaq and the Khurais oil field.
One of them was reportedly en route to pick up Saudi oil to take to the United States.
The changes appear to further consolidate the crown prince’s grip on power by appointing advisers and members of the royal family seen as close to him.
"Some of those they are harshly treating have been 'milking' their country for years!" the president said on Twitter.
A $110 billion deal in which Saudi Arabia will buy U.S. arms, with options running as high as $350 billion over 10 years, was the central achievement of Trump’s first day in Riyadh.
To encourage such stability and protect busy trade routes, Japan seeks to assert a more active role in the region as a promoter of conflict resolution.
Not yet, at least.
Earlier this month, Saudi Arabian Deputy Crown Prince Mohammed bin Salman announced that the Kingdom is in the process of building a two trillion dollars Public Investment Fund (PIF) funded, in part, by an IPO of the state-run oil company Aramco.
Iran's reintegration into the global economy with the lifting of economic sanctions brings great joy of Iranians but deep reservations to many Americans.
Riyadh's decision to execute Sheikh Nimr Baqir al-Nimr at the start of this month, the Iranian response, and the political fallout have raised the Middle East's sectarian temperatures to the highest level since the Iran-Iraq war of the 1980s.
Big Oil Argued for U.S. Crude Exports to Fend Off Iran, But First Exporter Vitol Group Also Exported Iran's Oil
The American Petroleum Institute (API) successfully lobbied for an end to the 40-year ban on exporting U.S.-produced crude oil in part by making a geopolitical argument: Iran and Russia have the ability to export their oil, so why not unleash America?
I had a rare upbringing. I know many people lament that they didn't fit in, that they were the odd one out when growing up, but I think my case may carry a little more weigh than most.
Each week seems to bring new twists in Middle Eastern geopolitics, with shockwaves on the energy market and in particular oil prices. The recent reshuffle in Saudi Arabia heralds a major break with established tradition and watershed in the trends of the oil industry.
Plans are to widen Highways 70 and 22 in the area, and Shell expects to contribute to those costs, though it will be reimbursed
Saudi Arabia's declared intention to pivot away from the U.S. in foreign policy implies a shift toward Beijing, which predates both the Obama presidency and the Arab Awakening.