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  • Ex-Twitter worker gets 3-1/2-year U.S. prison term for spying for Saudi Arabia

    A former Twitter Inc manager convicted of spying for Saudi Arabia by sharing user data several years ago and potentially exposing users to persecution was sentenced to 3-1/2 years in prison on Wednesday, U.S. prosecutors said. Ahmad Abouammo had been found guilty by a jury in August following a trial in federal court in San Francisco. Prosecutors had sought a prison term of just over seven years, saying they wanted a "sentence strong enough to deter others in the technology and social media industry from selling out the data of vulnerable users." Abouammo faced a maximum penalty of decades in prison.

  • Visualizing Currencies’ Decline Against the U.S. Dollar

    A variety of factors have contributed to the U.S. dollar’s strength in 2022. The rapid raising of interest rates by the Federal Reserve and tightening of their balance sheet has resulted in U.S. dollars becoming a more scarce and valuable yield-bearing asset. As interest rates have risen, so have yields for savings accounts and fixed-income securities like U.S. treasuries, making them a more attractive alternative for investors.

  • Perspective: Secretary Xi’s Visit to Saudi Arabia Doesn’t Look Like a Threat to U.S.-Saudi Partnership

    Without doubt Saudi Arabia is using the Xi visit and the growing relationship with China as part of a series of moves to effectively announce itself as an emerging mid-level power in an increasingly multipolar world. The United States appears to be adjusting to this new reality by emphasizing the benefits of burden sharing and cooperation on mutually shared goals rather than a protection plan based on security for oil. That’s a far healthier and sustainable approach to the relationship than trying to persist with outmoded notions of how the relationship works

  • Reassessment or Business as Usual in U.S.-Saudi Relations: Audio

    Aaron welcomes veteran OPEC watcher Helima Croft and Princeton University’s Bernard Haykel as they discuss the future of U.S.-Saudi relations.

  • Green Hydrogen Gets a Boost in the U.S. With $4 Billion Plant

    The factory, which is slated to start operations in 2027 and will be built on the site of a retired coal plant, will use solar and wind power to manufacture the hydrogen, the companies said Thursday. It will be able to produce more than 73,000 metric tons of hydrogen a year, making it the largest such facility in the U.S. and among the top 10 worldwide, according to data from the Paris-based International Energy Agency.

  • U.S.-Saudi ties through good times and bad

    The U.S.-Saudi alliance has weathered many storms over the decades, but the relationship remains vital to both: Saudi Arabia is the world's biggest oil exporter and the United States' largest foreign military sales customer.

  • Timeline: U.S.-Saudi ties through good times and bad

    The U.S.-Saudi alliance has weathered many storms over the decades, but the relationship remains vital to both: Saudi Arabia is the world's biggest oil exporter and the United States' largest foreign military sales customer.

  • Venezuelan oil offers little to U.S. or Chevron

    If the fields return to pre-sanction levels, it’ll produce about 200,000 barrels per day. For Chevron, it’s a drop in the bucket – less than 7% of daily output. Chevron is owed over $4 billion from its projects in Venezuela with Petroleos de Venezuela, which it should recoup. But the license prohibits its Venezuelan partner from profiting, so prospects for higher production appear capped. And this year, the company is expected to have a net income of $38 billion from sources around the world, according to Refinitiv.

  • Solar-Panel Shortage Snarls U.S. Green-Energy Plans

    Several thousand shipping containers of solar panels have been detained by U.S. Customs near ports such as Los Angeles, according to some estimates, while even more have been held up in factories and ports from Vietnam to Malaysia or diverted to places such as Europe—a result of U.S. legislation aimed at cracking down on labor abuses in China.

  • Department of State Dedicates New U.S. Consulate General in Dhahran, Kingdom of Saudi Arabia

    In an important symbol of our partnership with the Kingdom of Saudi Arabia, Deputy Assistant Secretary of State for Arabian Peninsula Affairs Daniel Benaim, U.S. Embassy Riyadh Chargé d’Affaires Martina Strong, and U.S. Consul General in Dhahran David Edginton officially dedicated the new U.S. Consulate General campus in Dhahran. The new campus is situated on a 10.5-acre site in the Al Andalus District in the city of Al-Khobar and incorporates numerous sustainable features to conserve resources and reduce operating costs, including demand-controlled ventilation, efficient site lighting, and on-site wastewater treatment and reuse. It achieved Leadership in Energy and Environmental Design (LEED®) Silver certification—a globally recognized mark of achievement in high-performance, best-in-class, green buildings. Skidmore, Owings & Merrill, LLP of Washington, D.C., was the design architect for the project, and Caddell Construction Company, LLC of Montgomery, Alabama, constructed the complex, employing a workforce of roughly 800 U.S., Saudi Arabian, and third-country nationals and injecting approximately $95 million into the local economy.