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Saudi Arabia hiked the price of its flagship crude to its main buyers in Asia for next month.

Saudi Arabia hiked official selling prices for all of its oil sales to Asian customers in the month of May.

Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.

The challenge for any new Aramco share sale would be attracting new investors.

Saudi Arabia's crude production rose to 10.3 million barrels a day in March.

Saudi Arabia's government transferred a further $164 billion stake in Aramco to the Public Investment Fund.

Even a one percent offering would raise more than $20 billion for the kingdom.

Saudi Arabia has raised $11 billion through a syndicated loan.

The 23-nation OPEC+ alliance faces pressure to intervene in crude markets.

Saudi Aramco's mega stock offering will raise at least $11.2 billion for Riyadh.