The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

US President Donald Trump spoke remotely at the World Economic Forum (WEF) on Thursday in Davos, Switzerland and urged Saudi Arabia to cut oil costs and increase investment in America to one trillion dollars.

President Trump held his first official call with a foreign leader since being sworn in for his second term with Saudi Crown Prince Mohammad Bin Salman, a controversial figure who Trump on

U.S. President Donald Trump has called on Saudi Arabia and OPEC to lower oil prices while encouraging Riyadh to increase its U.S. investment from $600 billion to $1 trillion. Trump's remarks were made following discussions with Saudi Crown Prince Mohammed bin Salman about future economic collaborations.

U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.

Speaking remotely to the World Economic Forum annual meeting in Davos, Switzerland, President Donald Trump said he would ask Saudi Arabia and the Organization of the Petroleum Exporting Countries, or OPEC,

Saudi Arabia's state oil company Aramco bought its first cargo of WTI Midland, a U.S. crude oil grade that underpins the global Brent benchmark, oil-index publisher S&P Global Commodity Insights said on Wednesday.

During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.

Saudi Arabia has investments of more than $770 billion in the US and said it expects relations with Washington “will continue to be flourishing” as the kingdom pursues its broad economic overhaul.Most Read from BloombergWhat Happened to Hanging Out on the Street?

Saudi Arabia’s , said that the Kingdom spent SAR 93.7 billion on developing its digital infrastructure, to be ready for automation and digital transfo

Tehran, IRNA – The foreign minister of Saudi Arabia has stressed the importance of preventing the start of any war in the region, as the regional countries have “feared since the start of Israel's war in Gaza,” last October.

Trump wants oil prices to drop, saying such a move could end the Russia-Ukraine war. “I’m also going to ask Saudi Arabia and [the Organization of the Petroleum Expor