Saudi Arabia’s crown prince says the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump mused about returning to the kingdom as his first foreign trip.

China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins.

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The International Monetary Fund downgraded its growth forecasts for Saudi Arabia by more than any other major economy it tracks, citing the decision by the oil alliance OPEC+ to extend production cuts.

The rich oil state has built a team of silver-tongued U.N. negotiators with a simple mandate: keep plastic production growing.

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

China’s crude oil imports from its largest supplier, Russia, surged to record levels in 2024, while imports from Saudi Arabia declined. Accordi

The agreement is focused more on trade than military issues, but it will bring two countries with a shared desire to challenge the West closer together.

China's crude oil imports from Russia increased by 1% in 2024, setting a new record compared with 2023. The rise in imports reflects China's preference for discounted Russian supplies amid weakened refining margins, reported Reuters.

At the World Economic Forum, the president calls for energy independence from Moscow and discusses Trump’s proposed oil boost, encourages cooperation from non-European countries to help end the war.

He has worked at the U.S. Department of State, on the National Security Council, and as a foreign policy adviser to U.S. Senator John McCain. Today, U.S. President Donald Trump will sweep back into power promising a new American approach to the world.