This report discusses the current state of the kingdom of Saudi Arabia, its current relationship with the United States, and future initiatives to further develop U.S.-Saudi relations.
This report provides an overview of the U.S.-Saudi Arabia energy relationship that dates back to at least 1933. Since then, this relationship has witnessed the creation of the Arabian American Oil Company (Aramco), nationalization and ownership transfer of Aramco to Saudi Arabia (renamed Saudi Aramco), a Saudi-supported embargo of crude oil shipments to the United States, and various periods of energy cooperation. Today, the U.S.-Saudi energy relationship includes interests within three general categories: (1) energy trade, (2) business operations, and (3) global petroleum prices.
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