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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.

Go deeper

Updated 2 hours ago - Politics & Policy

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

CDC says fully vaccinated people can take fewer precautions

Photo: Filip Filipovic/Getty Images

People who have been fully vaccinated against COVID-19 can take fewer precautions in certain situations, including socializing indoors without masks when in the company of low-risk or other vaccinated individuals, according to guidance from the Centers for Disease Control and Prevention released Monday.

Why it matters: Per the report, there's early evidence that suggests vaccinated people are less likely to have asymptomatic infection and are potentially less likely to transmit the virus to other people. At the time of its publication, the CDC said the guidance would apply to about 10% of Americans.