US President Donald Trump addresses the Saudi-US Investment Forum in Riyadh
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
14 July 2025
Robust demand and a limited supply of additional physical barrels from key OPEC+ producers has kept the oil market in a healthy price range
11 July 2025
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
11 July 2025
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
10 July 2025
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
