When it comes to oil partnerships, China has been told that Saudi Arabi is its "most reliable partner and supplier of crude oil." The U.S., meanwhile, is "just another one of its partners," to quote senior FX trader and salesman Simon Watkins.
For primarily security considerations, the U.S. will remain a meaningful partner of Saudi Crown Prince Mohammed bin Salman's (MbS) kingdom. But for economic purposes, China is now top dog, it would seem. (Related: Remember when the FBI "mistakenly" revealed that Saudi Arabia was involved in the 9/11 terrorist attacks?)
Russia will remain a key partner of Saudi Arabia on energy matters, but the U.S. has been relegated a few steps down on the list. Here is what Aramco chief executive officer Amin Nasser said at the recent annual China Development Forum in Beijing:
"Ensuring the continuing security of China's energy needs remains our highest priority – not just for the next five years but for the next 50 and beyond."
Notice that nowhere in that sentence is the U.S. even mentioned. This marks a major shift in the relationship between the U.S. and Saudi Arabia, which has soured tremendously under the leadership of Joe Biden.
It was reported recently that MbS refused to even take a telephone call from Biden, who was attempting to ask for help in bringing down sky-high energy prices. Biden also wanted to discuss the recent collective cuts in OPEC oil production, though that did not happen either.
The way that MbS cut off the 1945 core agreement between Saudi Arabia and the U.S. demonstrates that the latter has lost even more preeminence and respect at the hands of the Biden regime, which has set the country on a crash course to total failure.
Biden likes to talk a big game, having recently promised "some consequences" for Saudi Arabia's actions, but it is doubtful that the Pedophile-in-Chief actually has a legitimate plan in place that will not demote our country even further into economic oblivion.
"I'm not going to get into what I'd consider and what I have in mind," Biden went on to ramble. "But there will be – there will be consequences."
Just prior to Biden's speech, National Security Council (NSC) spokesman John Kirby suggested that the U.S. "review the bilateral relationship with Saudi Arabia and take a look to see if that relationship is where it needs to be and that it is serving our national security interests ... in light of the recent decision by OPEC and Saudi Arabia's leadership [of it]."
Despite all this, Saudi Arabia is forging ahead in its partnership with China, having indicated plans to continue "close communication and strengthen[ed] cooperation to address emerging risks and challenges," according to a joint communique from Saudi Energy Minister, Prince Abdulaziz bin Salman and Beijing's National Energy Administrator, Zhang Jianhua.
Between January and August of this year, according to Chinese Customs data, 1.76 million barrels per day (bpd) of crude oil were shipped to China. This marks an increase in market share to 17.7 percent from 16.9 percent last year.
Saudi Arabia is also said to be working on joint integrated refining and petrochemical complexes with China, as well as on plans to expand the use of nuclear energy.
There is also word that Saudi Arabia is manufacturing its own ballistic missiles with the help of China, which only adds to U.S. fears that several key states in the Middle East are expanding their nuclear capabilities.
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Sources for this article include: