Aramco CEO Says Saudis' Plan Is Working; Hercules Files Chapter...

05/27/16


Investor's Business Daily

Aramco CEO Says Saudis' Plan Is Working; Hercules Files Chapter 11
Investor's Business Daily
Saudi Arabia's plan to boost market share and push out higher-cost producers like U.S. shale is working well, according to Aramco's CEO, with the statement coming as Hercules Offshore (HERO) announced a prepackaged bankruptcy plan Friday.

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