Saudi Arabia Approves Aramco IPO

The video discusses the challenges in valuing Aramco, highlighting the significant variance in market estimates, largely due to volatile crude prices. It explains that the initial $2 trillion valuation sought by the Saudis was too high, with current estimates ranging from $1.6 to $1.8 trillion. The video also touches on structural issues like lower oil prices and the impact of drone strikes on Saudi facilities, which delayed the IPO. The Saudis are now aiming for a December listing on the Riyadh market.

What factors contribute to the volatility of crude prices?

Why was the IPO delayed according to the discussion?