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The fundamentals of the oil price slide: where’s the bottom and is Saudi Arabia still a swing producer?
- January 6,2015
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- SUSTG Team
With a precipitous slide in the price of oil to less than half its July 2014 highs, markets around the world are watching Saudi Arabia closely as they try to figure out where the bottom might be for oil prices. But given its low extraction costs, significant capital investment in production infrastructure and large capital reserves, […]
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2015 SACM Graduation Ceremony and Career Fair Dates Announced, Venue Confirmed
- December 19,2014
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- SUSTG Team
The 2015 Saudi Arabian Cultural Mission’s (SACM) Graduation Ceremony and Career Fair dates are set for Friday, May 22, 2015, to Monday, May 25, 2015 at the Gaylord Hotel National Harbor just outside of Washington, D.C. The 7th annual SACM event has two main components, a career fair connecting graduating students with job opportunities from […]
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Saudi Arabia’s 2015 Budget Expectations – SUSRIS
- December 19,2014
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- SUSTG Team
Writing in SUSRIS, Patrick Ryan provides an overview of the expectations for Saudi Arabia’s upcoming announcement of its fiscal plans for 2015. Although the price of oil has been high in recent years, “this year is different,” Ryan writes: “The 2015 budget, expected to be released on Monday, is anticipated to roll back spending to about SR800 […]
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Prince Muhammad bin Naif Meets with Obama, Biden at White House as Republican U.S. House Majority Leader McCarthy Visits Saudi Arabia
- December 15,2014
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- SUSTG Team
U.S. House of Representatives majority leader Kevin McCarthy met in Riyadh with Crown Prince Salman and Deputy Crown Prince Muqrin, the Saudi Press Agency reported. The visit comes on the heels of Prince Mohammed bin Naif’s meetings in Washington last week. The Minister of Interior of the Kingdom of Saudi Arabia met with several officials in the […]
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John Kerry’s Remarks at U.S. Chamber of Commerce Middle East Commercial Center Leadership Dinner
- December 12,2014
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- SUSTG Team
In an energetic and wide-ranging speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce, Secretary of State John Kerry praised the work of the Center and the development of business relationships between the United States and the Middle East region. Secretary Kerry shared […]
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#SaudiTBT: The Father of the Saudi Arabian National Guard HRH King Abdullah bin Abdulaziz in 1962
- December 9,2014
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- Richard Wilson
HRH Miteb Bin Abdullah, Minister of the Saudi Arabian National Guard (SANG) and the third oldest son of Saudi Arabia’s King Abdullah Bin Abdulaziz, recently visited Washington to meet with President Obama and other senior officials to discuss strengthened bilateral cooperation between the U.S. Department of Defense and SANG. The National Guard is one […]
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As Oil Dips Below $70, American Producers Wonder Where the Bottom Is and Eye an End to Export Ban
- December 8,2014
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- Lucien Zeigler
The second half of 2014 has been a lively period for the U.S. shale industry. Fueled by new technologies and a soaring oil price, everyone from upstart producers to big oil were taking advantage of new production opportunities in United States in shale deposits. Over the last year, the U.S. alone accounted for 82% of non-OPEC production growth, […]
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Saudi Arabia Sees Oil Prices Stabilizing ‘Around $60 a Barrel’
- December 4,2014
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- SUSTG Team
Saudi Arabia now believes oil prices could stabilize at around $60 a barrel, a level both it and other Gulf producers believe they could withstand, according to people familiar with the situation citied in a UPI report. “Saudi Arabia seeks to maintain its long-term market share, even if the price of oil stays temporarily low, its […]
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With Hagel Out, Obama’s Next Appointment for Defense Secretary Will Have an Impact on U.S.-Saudi Relations
- November 26,2014
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- Lucien Zeigler
Just days before President Obama announced in the White House Rose Garden that his Secretary of Defense Chuck Hagel would resign, Hagel met with Saudi Arabia’s Prince Miteb bin Abdullah – a rising star in Saudi Arabia at the Pentagon. With Secretary of Defense Chuck Hagel set to resign, all eyes in the Middle East and […]
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#FocusKSA: Saudi Student Turned Entrepreneur Walid Abdulwahab On His Experiences Running a Successful Business in the U.S.
- November 18,2014
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- SUSTG Team
In the latest FocusKSA discussion, Saudi-US Trade Group President, Richard Wilson, spoke with Walid Abdulwahab, a recent graduate of the University of Southern California and Founder and CEO of Desert Farms, which produces, markets and sells camel milk and camel milk products to a growing list of U.S. retail outlets. Walid discusses his background, academic experience […]
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MUST-READS
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Commentary: No Matter What Biden Calls U.S. Troops in Iraq, Iran Is Gunning for Them
Last Monday’s announcement of a so-called withdrawal was more about semantics than policy. It was an exercise in political theater aimed at helping Kadhimi appease elements in Iraq that are opposed to the U.S. presence—above all, powerful Iranian-backed Shiite militias and their supporters among Iraqis, who will be voting in national elections in October.
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China Meets With Taliban, Stepping Up as U.S. Exits Afghanistan
At the session with Taliban co-founder and political office chief Mullah Abdul Ghani Baradar in the northeastern Chinese city of Tianjin on Wednesday, Foreign Minister Wang Yi called the Taliban a pivotal military and political force in Afghanistan that is expected to play an important role in reconstructing the country, according to China’s Foreign Ministry.
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Congress Fears U.S. Intelligence Leaks in Saudi Case
The move comes as the Biden administration has sought to intervene in lawsuits in Canadian court where Saudi-owned companies have accused Jabri of embezzling billions of dollars, according to Agence France-Presse. Jabri helped design a modern forensics system in Saudi Arabia, and lawmakers credited him as a “highly valued partner” of U.S. intelligence agencies in dealing with such terrorist groups as al Qaeda. The lawsuits could risk the revelation of U.S. secrets, they added.
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Iran’s Khamenei blames ‘cowardly’ U.S. for pause in nuclear talks
Iran's supreme leader on Wednesday declared Tehran would not accept Washington's "stubborn" demands in talks to revive a 2015 nuclear deal and said the United States had failed to guarantee that it would never abandon the pact again.
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U.S. Special Envoy for Yemen Lenderking’s Travel to Saudi Arabia
Special Envoy Lenderking will discuss the growing consequences of the Houthi offensive on Marib, which is exacerbating the humanitarian crisis and triggering instability elsewhere in the country.
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U.S. General Won’t Commit to Ending Airstrikes on Taliban
With the militants making advances across Afghanistan, the top American general there suggested that airstrikes may continue, even with the U.S. troop pullout largely completed.
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Biden, Kadhimi to seal agreement on ending U.S. combat mission in Iraq
Biden and Kadhimi are to meet in the Oval Office for their first face-to-face talks as part of a strategic dialogue between the United States and Iraq.
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U.S., Iraqi officials to announce U.S. military shift to advisory role in Iraq by year’s end
U.S. and Iraqi officials are finalizing a shift in the U.S. military mission in Iraq to a purely advisory role by the end of the year, marking the official end of the U.S. combat mission in the country, according to a U.S. official and two people familiar with the issue. Officials plan to announce this shift on Monday after Iraqi Prime Minister Mustafa al-Kadhimi meets with President Joe Biden at the White House, according to one of the people familiar with the discussions.
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U.S. lawmakers want Congress to have more say over war, weapons deals
Three U.S. senators who have campaigned to clamp down on foreign weapons sales and pare back military action unveiled their broadest effort yet on Tuesday to claw back congressional powers over war from the White House. The Constitution gives Congress the power to declare war. But that authority has shifted toward the White House in recent years, due partly to the passage of war authorizations that do not expire and presidential pursuits of huge arms sales - seen by policymakers as a source of U.S. jobs and a way to improve international ties.
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U.S. Weighs New Sanctions on Iran’s Oil Sales to China if Nuclear Talks Fail
U.S. negotiators have been working with European and other international partners in Vienna since April to revive the 2015 deal that limits Iran’s nuclear program in exchange for an easing of broad sanctions. As those talks falter, the U.S. is running through options intended to induce Iran to keep negotiating or punish it if it doesn’t, according to U.S. officials and people familiar with the matter.
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