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
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