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
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
