Saudi Aramco may postpone its energy trading business IPO plan until next year

[Saudi Aramco may postpone plans for its energy trading business IPO until next year] Saudi Aramco is postponing plans for its energy trading business's initial public offering (IPO) in Riyadh. People familiar with the matter said the company had not set a new timetable for the listing and could be delayed until next year unless the market improved. It is understood that for more than a year, the trading departments of global oil companies have made great profits.According to investment bank analysis, BP, Shell and Total made a profit of 37 billion US dollars from oil and gas and refining trade last year, but at present few oil companies have listed their trading departments independently.