Saudi Aramco shares dive 10%, Gulf debt markets hit in all-out crude war

Saudi Aramco  shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia and Russia said they would raise oil production in a battle for market share, sending crude prices down by a third.

Government bonds from Saudi Arabia and other Gulf oil producing countries were also pummeled after the collapse of the deal between OPEC, Russia and other oil producers that had propped up oil prices since 2016. Aramco shares fell below their 32 riyals initial public offering price on Sunday for.....

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