A view shows the Saudi Aramco oil facility in Dammam, Saudi Arabia. Photo: Hassan Ammar / AFP / Getty Images

The last few days have brought increasingly firm signs that Saudi Aramco's massive international IPO won't happen in 2018.

Why it matters: The IPO is designed to raise tens of billions of dollars to help support the kingdom's economic diversification plans. The selection of the main listing venue is also high-stakes, given the massive fees and action it will bring.

  • "Saudi Aramco’s listing is unlikely to go ahead this year, according to British officials who have been warned by their Saudi counterparts that the world’s biggest flotation was expected to be delayed," the Financial Times reported Sunday.
  • That report comes on the heels of Saudi oil minister Khalid Al-Falih dropping hints in a Bloomberg interview that 2018 won't be the year.
  • For what it's worth, Saudi Aramco responded to the FT's story this morning, offering a brief statement: "Saudi Aramco continues to review options for the listing."
  • Exchanges in New York, London, and Hong Kong are believed to be leading candidates if the IPO goes forward, and Trump has openly urged the Saudis to choose New York.

OPEC's challenge: Via The Wall Street Journal, "OPEC is breaking down into two camps after more than a year of unity. On one side is Saudi Arabia, which wants oil prices at $70 a barrel or higher, and on the other is Iran, which wants them around $60."

Deep dive: A detailed New York Times report that dropped over the weekend takes stock of Interior Department efforts to scale back regulations on oil-and-gas companies operating in the Gulf of Mexico.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 12,813,864 — Total deaths: 566,790 — Total recoveries — 7,046,535Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 3,286,025 — Total deaths: 135,089 — Total recoveries: 995,576 — Total tested: 39,553,395Map.
  3. States: Florida smashes single-day record for new coronavirus cases with over 15,000 — Miami-Dade mayor says "it won't be long" until county's hospitals reach capacity.
  4. Public health: Ex-FDA chief projects "apex" of South's coronavirus curve in 2-3 weeks — Coronavirus testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."

11 GOP congressional nominees support QAnon conspiracy

Lauren Boebert posing in her restaurant in Rifle, Colorado, on April 24. Photo: Emily Kask/AFP

At least 11 Republican congressional nominees have publicly supported or defended the QAnon conspiracy theory movement or some of its tenets — and more aligned with the movement may still find a way onto ballots this year.

Why it matters: Their progress shows how a fringe online forum built on unsubstantiated claims and flagged as a threat by the FBI is seeking a foothold in the U.S. political mainstream.

Lindsey Graham says he will ask Mueller to testify before Senate

Photo: Tasos Katopodis/Getty Images

Senate Judiciary Chairman Lindsey Graham (R-S.C.) tweeted Sunday that he will grant Democrats' request to call former special counsel Robert Mueller to testify before his committee.

The big picture: The announcement comes on the heels of Mueller publishing an op-ed in the Washington Post that defended the Russia investigation and conviction of Roger Stone, whose sentence was commuted by President Trump on Friday.