Despite the huge gains, oil prices have still lost more than half their value this year. The market slumped in early March, when Saudi Arabia and Russia were unable to come to terms on a deal to curb production,
Trump said he liked Syria's president "a lot" after meeting him in Saudi Arabia and described him as a "strong guy" with a "strong past". Ahmed al Sharaa was once imprisoned by US troops after fighting in Iraq for al-Qaeda-linked groups; He said Iran...
As part of the defense agreement, the United States will provide Saudi Arabia with "state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms." "This deal represents a significant investment in Saudi Arabia's defense and regional security, built on American syste...
The president on Friday renewed his call on the group of oil producing exporters, led by Saudi Arabia, to reduce the price of oil. It's a move he says would bleed Russia of much needed revenue to pay for the conflict and force Vladimir Putin to...
An update to bring you from the Royal Court of Saudi Arabia now, where Donald Trump is meeting Saudi officials. The US president is having a bilateral meeting and is expected to sign an agreement with Saudi Arabia - perhaps the first of many while he's...
And, that leads us to the rationale for tariffs on Saudi oil. Tariffs: the rationale for them in the case of Saudi oil President Trump has said that he will consider tariffs to put a U.S. domestic floor on the price of oil. I am not normally a fan of tariffs as they amount to ...
RIYADH, Saudi Arabia (CBSMiami/AP) -- President Donald Trump called the first day of his maiden international trip "tremendous." The president was largely kept away from reporters during a busy day of meetings and ceremonies in Riyadh, Saudi Arabia. But late in the day, he said deals the...
"I am also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You got to bring it down," Trump said, appearing via video link from the White House. "Which, frankly, I'm surprised they didn't do before the election. That didn't show a l...
That move was largely made in response to dramatically falling oil prices due to U.S. shale oil output. The United States is not a member of OPEC or OPEC+. Patrick De Haan, head of petroleum analysis at GasBuddy, said Trump has a better relationship with Saudi Arabia’s crown prince,...
• Trump outlines economic plans: Addressing the World Economic Forum meeting in Davos, President Donald Trump slammed his predecessor’s policies, warned business leaders to make their products in the US or face tariffs, and said he wants OPEC and Saudi Arabia to cut the cost of oil to hel...