Arms deal: Saudi Arabia and US put 9/11 behind them
US President Donald Trump on Tuesday secured a US$600 billion investment commitment from Saudi Arabia in Riyadh and vowed to lift sanctions on Syria. More French President Emmanuel Macron emphasized on Tuesday that the Europeans wo...
Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal onoil suppliesand is ready to offset any potential shortage but it will not act alone to fill in the gap, an OPEC source familiar with the kingdom's oil thinking said on Wednesday. On Tuesday, U.S...
Saudi Arabia has announced its official crude pricing (OSP) for May, selling oil more cheaply to Asia while keeping prices flat for Europe and raising them for the U.S., after OPEC and its allies agreed the biggest output cut deal in history. Saudi Arabia's state oil giant Saudi Aramco ...
Trump wants Iran deal - but warns of 'maximum pressure' if olive branch rejected Iran has "dragged down an entire region with them", Donald Trump says as he takes aim at Tehran now. He says while Saudi Arabia is "building some of the world's biggest and mos...
Even before the price drop, the Saudis were selling their oil to China at a discount. OPEC's refusal on Nov. 27 to cut production seemed like the baldest evidence yet that the oil price drop was really an oil price war between Saudi Arabia and the US. However, analysis shows the ...
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...
With the Trump administration’s May 2018 withdrawal from the 2015 Iran nuclear deal with six major powers, and its imposition of secondary sanctions on Iran’s oil sales, tensions in the region have escalated sharply. Following the attack on Saudi oil facilities, in a letter sent to the Unit...
Saudis question US partnership The relationship between the U.S. and Saudi Arabia is often said to revolve around anoil-for-securitydynamic in which the Saudis provide the former and the U.S. the latter. In reality, ties have spanned a far wider spectrum than that and have been more co...
While Saudi Arabia is cutting its oil exports, U.S. shipments have filled in the gap and surged to record highs. Nasser said the market can absorb the bump in U.S. output, given the International Energy Agency's forecast that global oil demand will grow by 1.6 million barrels a ...