Saudis must push back Aramco's flotation or risk looking desperate | Nils Pratley

After the drone attacks on Saudi Arabia’s oil refineries investors will need time to see how events developFinancial markets are reliably terrible at reading big geopolitical developments, so do not read too much into the initial 20% jump in the oil price after the weekend attack on Saudi Arabia’s oil infrastructure. The list of unknowns is long. Saudi officials may not know how long it will take to restore full production and it’s not in their interests to offer full clarity a