Saudi Arabia need not fear Biden
The kingdom may be apprehensive about the incoming US president’s attitude towards Iran, but it could ultimately profit from the regime change
US president-elect Joe Biden faces unprecedented foreign policy challenges and opportunities amid a chaotic presidential transition, a fragile oil supply truce with fellow energy powerhouses Saudi Arabia and Russia, and a creeping wave of new pandemic lockdowns around the globe ahead of any game-changing vaccination programmes. His victory was hardly welcomed by many in the Mid-East Gulf, who are wary of Iran and all but openly supported the re-election bid of outgoing president Donald Trump. Yet there are silver linings that Saudi and Gulf Cooperation Council (GCC) officials are likely to see in Biden’s ascent to power, including an anticipated pivot to green energy as well as his political
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
