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With crude prices down by half over the past three years, U.S. domestic oil production up dramatically, and the kingdom embarking on unprecedented economic reforms – including the sale of a stake in its state-owned oil company – the leverage is shifting toward the Americans as the U.S. emerges as a rival energy exporter.JPMorgan and Citigroup Inc. helped arrange a $17.5 billion Saudi bond sale last year and a $9 billion Islamic bond issue in April.The Saudis have been enthusiastic about Trump after a lukewarm relationship with Barack Obama.After the meeting, Trump offered his support for a new U.S.-Saudi program in energy, industry, infrastructure and technology that could lead to more than $200 billion in investments over the next four years.That's not to say the Saudis are no longer looking for investment opportunities.
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