Saudi Arabia denies reports that it's scrapping Aramco IPO

9:48 PM ET Wed, 22 Aug 2018

Khalid al-Falih, the Saudi minister of Energy, Industry and Mineral Resources and chairman of Saudi Aramco, said in a statement on Thursday: "The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum." CNBC's Dan Murphy reports.