Why Aramco Can’t Win Under Trump’s Oil Price Doctrine

Why Aramco Can’t Win Under Trump’s Oil Price Doctrine

The broad view of the US President Donald Trump’s first administration as exclusively told to OilPrice.com at the time by a senior legal figure in that team was: “We’re not going to put up with any more crap from the Saudis.” That comment came after Saudi Arabia had yet again started another oil price war in early 2020 designed to cripple or destroy U.S. shale producers by dramatically increasing oil production to crash oil prices. It was exactl…

Why Aramco Can't Win Under Trump's Oil Price Doctrine

In the high-stakes world of global energy, Saudi Aramco finds itself trapped in a precarious position under the oil price policies of U.S. President Donald Trump. Trump’s administration has long advocated for a tightly controlled oil price range that benefits American interests but squeezes the profitability of major producers like Aramco. As oil prices hover below Saudi Arabia’s fiscal breakeven point, Aramco is resorting to desperate measures,…