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US President Donald Trump addresses the Saudi-US Investment Forum in Riyadh
Markets Politics Saudi Arabia US
Frank Kane
Riyadh
28 May 2025
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Saudi-US energy ties adapt to multipolar world

Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game

Roughly half of the $300b worth of agreements signed between the US and Saudia Arabia at the Saudi-US Investment Forum in May related to energy. These included deals by Saudi Aramco to invest more at its Motiva refinery in Texas and potential LNG deals in Louisiana, as well as a raft of memorandums of understanding signed with the Saudi Energy Ministry on cooperation in oil and gas, peaceful uses of nuclear power, renewables, energy efficiency and carbon capture. But on the central issue between the US and Saudi Arabia in energy markets—the matter of global energy supply, and therefore the price of crude—there was nothing said in public, and, according to informed sources, the subject did no

Also in this section
Explainer: Iran’s indispensable energy role
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
Oil’s tanker transformation
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
Letter from the US: The curse of strong energy exports
Opinion
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
Venezuela mismanaged its oil, and US shale benefitted
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution

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