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Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
- October 19,2017
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- Lucien Zeigler
Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]
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Saudi Arabia to Award Nuclear Reactor Contract by End of 2018; U.S. Set to Miss Out
- October 12,2017
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- SUSTG Team
Saudi Arabia plans to award a construction contract for its first nuclear reactors by the end of 2018, a senior government official said on Tuesday as reported in Reuters. “With sponsorship from the highest levels in the state, the contract will be signed by the end of 2018,” Maher al Odan, the chief atomic energy […]
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U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
- October 9,2017
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- SUSTG Team
The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]
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Saudi-Russia Ties Strengthen as King Salman Visits around Russia Energy Week
- October 4,2017
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- Lucien Zeigler
Saudi-Russia ties continue to warm ahead of King Salman’s visit as the Kingdom looks to expand bi-lateral investment opportunities, according to reports. Saudi Arabia and Russia are the two biggest energy players, producing almost a quarter of the world’s oil between them. As the de facto leader of OPEC, Saudi Arabia has forged a working […]
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New York Times Profiles New Saudi Ambassador to the U.S. Prince Khaled bin Salman
- September 13,2017
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- SUSTG Team
The New York Times published a profile and interview with Saudi Arabia’s new Ambassador to the United States Prince Khaled bin Salman and the significant role the young prince will play in the U.S.-Saudi diplomatic and economic relationship. Prince Khaled, who is brother of the Crown Prince Mohammed bin Salman and son of King Salman, […]
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Ambassador Prince Khaled bin Salman Phones Tex. Gov Abbott to Express Saudi Support after Harvey as Students Pitch In
- September 5,2017
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Prince Khaled bin Salman telephoned Texas Governor Greg Abbott to confirm that Saudi Arabia supports the American people following the disaster of Hurricane Harvey. Harvey, which flooded many parts of Texas and Louisiana and caused dozens of deaths and billions in damage, was one of the worst storms to […]
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Trump, King Salman Discuss Qatar Crisis in Phone Call
- August 31,2017
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- SUSTG Team
U.S. President Donald Trump spoke with Saudi King Salman on Wednesday and urged “all the parties in the Qatar dispute” to find a diplomatic resolution to end the crisis, according to a White House statement. According to a White House readout of the call, President Trump and King Salman “discussed the need to defeat terrorism, cut off […]
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Ambassador Prince Khaled bin Salman Meets with Young Saudis in Tech in California
- August 30,2017
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- Lucien Zeigler
Saudi Arabia’s Ambassador to the United States HRH Prince Khaled bin Salman met with young Saudi men and women working in Silicon Valley this week, telling the young employees of major U.S. tech firms “I see our future in you. Our leadership is betting on your success,” according to accounts of the meeting. The meeting with […]
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Dow Chemical to Buy 15% More of Sadara to Boost Stake to 50%
- August 29,2017
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- SUSTG Team
Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday according to reports. The U.S.-Saudi joint venture, named Sadara, aims to transform Saudi Arabia “from a consumer and importer to a global exporter,” according to Saudi Energy Minister Khalid al-Falih. U.S.-based Dow Chemical […]
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Kushner Flies to Jeddah, Saudi Arabia to Meet with Crown Prince Mohammed bin Salman
- August 23,2017
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- SUSTG Team
Senior advisor to President Trump Jared Kushner was in Jeddah on Tuesday as part of a US delegation that met with Saudi Arabia’s Crown Prince Mohammed bin Salman. According to reports, the US delegation also included Jason Greenblatt, special presidential representative for international negotiations, and Dina Powell, deputy national security advisor for strategy. The delegation […]
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MUST-READS
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U.S. Implications of the Presidency of Sheikh Mohamed bin Zayed Al Nahyan
During this period of de-facto leadership, the UAE had notable successes, such as launching a man into space, opening its first nuclear reactor, and strengthening the military by acquiring state of the art weaponry.
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10 Countries That Received the Most U.S. Military Aid in 2020
"Israel is the largest cumulative recipient of U.S. foreign assistance since World War II," having received $150 billion in aid since 1948. In 2016, Israel and the U.S. signed a 10-year military aid deal that included $33 billion in foreign military financing grants and $5 billion in missile defense funds.
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Visualizing U.S. Crude Oil and Petroleum Product Imports in 2021
Despite being the world’s largest oil producer, in 2021 the U.S. still imported more than 3 billion barrels of crude oil and petroleum products, equal to 43% of the country’s consumption.
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Visualizing U.S. Crude Oil and Petroleum Product Imports in 2021
Despite being the world’s largest oil producer, in 2021 the U.S. still imported more than 3 billion barrels of crude oil and petroleum products, equal to 43% of the country’s consumption.
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Surging natural gas prices squeeze U.S. industrial sector
Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United States exports more gas to Europe to make up for Russian supplies lost to sanctions. U.S. natural gas futures have doubled this year, far more than the increases in retail gasoline and diesel that have made Americans angry at the U.S. energy industry and the government.
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U.S. Strategy: Rebalancing Global Energy between Europe, Russia, and Asia and U.S. Security Policy in the Middle East and the Gulf
If the U.S. and its European strategic partners decide to establish a stable level of deterrence and defense against Russia, this will require them to establish lasting alternatives to oil and gas imports from Russia, particularly as the latest international analyses by the U.S. Department of Energy (DOE) indicate the demand will increase through 2050 in spite of major increases in renewables and alternative fuels.
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U.S. Gas Prices Hit a High, but Oil Market May Signal Relief
The average gallon of regular fuel reached $4.37. But West Texas crude fell below $100, a decline of roughly 10 percent since the weekend.
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U.S. Senate committee passes antitrust bill pressuring OPEC
A U.S. Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators, including Republican Chuck Grassley and Democrat Amy Klobuchar, passed 17-4 in the Senate Judiciary Committee. White House spokesperson Jen Psaki said the administration has concerns about the "potential implications and unintended consequences" of the legislation, particularly amid the Ukraine crisis. She said the White House is still studying the bill.
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U.S. on Iran deal deadlock: ‘We know the status quo can’t endure for long’
“I do not think there was ever any full agreement,” one western diplomat involved in the nuclear talks told me. “The situation is difficult because communication goes through intermediaries and there is never full clarity,” the western diplomat added.
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U.S. Senate moves to launch formal talks on massive China competition bill
Senators voted 62-33 in favor of another motion that seeks to bar the Biden administration from lifting the terrorist designation for Iran's Revolutionary Guard Corps, an obstacle to reviving the nuclear pact. The Senate also voted 86-12 on a motion arguing terrorism-related sanctions on Iran are necessary to limit cooperation between China and Iran. Such provisions could complicate delicate negotiations on the nuclear deal, although western officials have largely lost hope that the pact can be resurrected after then-Republican President Donald Trump abandoned it in 2018.
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