Saudi Arabia is considering selling shares in its state-owned oil company, a move that comes amid a broad privatization effort afoot in the kingdom, but also at a vulnerable time for Riyadh because of tumbling energy prices. Any move to list shares in Saudi Arabian Oil Co., better known as Saudi Aramco, would almost assuredly be limited in scale, and could exclude its strategic production assets altogether. But an initial public offering of only a small slice of what is widely considered one of the world’s most valuable companies could raise billions of dollars. That would bolster government coffers at a time when global oil prices continue to slide, recently hitting lows not seen in over a decade . Riyadh has a sizable cushion of foreign reserves to protect it from lost oil revenue. But it has also shown some signs of financial strain, ratcheting down government spending and […]