US oil stockpiles offset Saudi Arabia supply worries
Oil prices fell on Wednesday as US crude stockpiles rose, with fears of further escalation in the Saudi Arabia and Houthis conflict
Op-eds & Essays with Jason Bordoff & Meghan L. O'Sullivan • Foreign Affairs • August 14, 2026
By almost any measure, the world should be suffering a far more severe energy crisis.
The White House announced last week an oil deal for more than 65 billion barrels of oil reserves in Venezuela and a 35% equity stake in North American Blue Energy Partners (NABEP).
The Trump administration and Saudi leadership have reportedly agreed to a nuclear agreement that could enable US nuclear technology transfers to Saudi Arabia.
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Op-eds & Essays with Jason Bordoff & Meghan L. O'Sullivan • Foreign Affairs • August 14, 2026