Pressure is on Saudi Arabia’s OPEC delegation—and it all culminates later this week. In Vienna, Saudi energy minister Abdulaziz bin Salman is expected to push for an extension of oil-production cuts at an OPEC-plus producers’ summit starting Thursday. The effort by the de facto leader of the Organization of the Petroleum Exporting Countries is meant to create an optimal oil market landscape for the launch of Saudi Aramco’s initial public offering , report Benoit Faucon and Summer Said. The kingdom needs stable crude prices of at least $60 a barrel, a Saudi oil adviser tells the Journal, as a declining oil price would hurt investors who have bought into the IPO. Brent crude, the global benchmark, started the week on an upswing at around $61 per barrel. On the same day that the 24-nation OPEC-plus meeting begins, lead banks arranging the IPO will allocate shares to investors based on […]