Saudi Arabia’s $69 Billion Plastics Bet Weakens Its Oil Hedge
A logo sits on display on the side of a crude oil storage tank at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. (Photographer: Simon Dawson/Bloomberg)

Saudi Arabia’s $69 Billion Plastics Bet Weakens Its Oil Hedge

(Bloomberg Opinion) -- It’s not every day that the world’s biggest oil company buys the most profitable chemicals business.
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