A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
Category: Saudi Arabia
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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Inside the Rift Over Trump’s A.I. Deals in the Gulf
The president’s Middle East visit produced multibillion-dollar technology investments by the Saudis and Emiratis. But they face political pushback at home.
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Trump’s Computer Chip Deals With Saudi Arabia and UAE Divide US Government
Big deals to sell chips to the U.A.E. and Saudi Arabia have divided the U.S. government over whether they could be remembered for shipping cutting-edge A.I. overseas.
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What Trump, and C.E.O.s, Actually Got in Riyadh
Executives including Elon Musk and Nvidia’s Jensen Huang, were in Saudi Arabia for new investments. That, not tariffs, is what they wanted from Trump.
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Trump Administration Considers Large Chip Sale to Emirati A.I. Firm G42
The firm, which the U.S. government scrutinized for its ties to China, is angling for hundreds of thousands of advanced artificial intelligence chips in a deal that could be finalized this week.
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Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
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Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.
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Trump Meets With Tiger Woods About Merging PGA Tour with LIV Golf
The president has been agitating recently to repair the divide between the PGA Tour and LIV Golf that has shadowed professional golf for several years.