Trade war woes and economic concerns have kept a lid on oil prices this week, despite bullish geopolitical news in the Middle East. Oil prices were down on Friday morning as the global economy continues to struggle with the realities of the U.S.-China trade war and crude inventories continue to build. Saudi Aramco IPO to be delayed. Just days before the official launch of the IPO was to be announced, it now appears that the Saudi Aramco public offering will be delayed again. Bloomberg reports that there is a gap between the valuation that Aramco wants and the one that banks are coming up with. There is also a lack of clarity on some aspects of the company, complicating the calculus for the banks […]