The Saudi media reported that Crown Prince Mohammed bin Salman had spoken with President Trump, who made the kingdom the first stop on his first overseas presidential trip in 2017.

Bin Salman does not clarify source of funds, offered in US president's first call with a foreign leader since returning to office; figure represents more than half of Saudi GDP

Saudi Arabia "needs to punch at (its) weight" on the global stage given its growing institutional presence and the return of Donald Trump, the kingdom's finance minister told AFP in Davos.The wealthiest country in the Arab world has taken a larger place on the international scene since assuming the presidency of the G20 in 2020,

U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.

Trump also said he would like to meet Russian President Vladimir Putin to negotiate an end to the war, citing loss of life as a major concern. He claimed his administration had done more in four days than the previous regimes did in four years.

Oil prices edged up on Friday but remained on track for a weekly decline after U.S. President Donald Trump announced sweeping plans to boost U.S. production and demanded that OPEC move to lower crude prices.

President Trump is urging Saudi Arabia and OPEC to increase oil output to pressure Russia into ending the war in Ukraine, while also threatening additional sanctions against Russia.

President Donald Trump needs to choose what he wishes for — a lower oil price or higher domestic crude volume — because “he can’t have both,” Manish Raj, managing director at Velandera Energy Partners,

The Tanoesoedibjos got souvenirs signed and chatted with the president. They also got to meet New York City Mayor Eric Adams, a Democrat who is facing charges he took bribes and solicited illegal donations from foreign business interests, but who Trump has suggested he might pardon.

Oil futures inched lower in Friday trading, looking to post their first weekly loss in 5 weeks, as recent comments from President Donald Trump suggested he would pressured major oil producers to boost crude output.

Oil markets sank on Friday, a day after U.S. President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production. Brent crude futures were down 50 cents at $77.