Faisal Faeq

Faisal Faeq is an energy and oil marketing adviser. He was formerly with OPEC and Saudi Aramco. Twitter:@faisalfaeq

Latest published

Swift loadings after attacks demonstrate resilience of Saudi oil industry

The steepest single day fluctuation in oil history took place when Brent crude price skyrocketed by 19 percent to $71.95 per barrel on the market opening on Monday.

September 17, 2019

Aramco chair appointment part of wider economic reforms

The appointment of Yasser Al-Rumayyan as chairman of Saudi Aramco triggered some speculation about his oil credentials and whether he was the right man for the job. Let’s lay that view to rest.

September 11, 2019

Ministry for industry and mineral resources makes sense

Saudi Arabia created a new ministry for industry and mineral resources, separating it from energy, after a study of the Kingdom’s rapidly changing economic base.

September 04, 2019

Focus first on diversification, then on disclosure

Oil prices may have softened in the second quarter of 2019, but Saudi Aramco’s recently published results show that it is still the most profitable company in the world.

August 28, 2019

Drones fail to dent Saudi output as Asia shuns Iranian crude

Within less than three months, Saudi Aramco oil and gas facilities have been attacked with drones launched by Yemen’s Houthi militias that are supported by Tehran. 

August 23, 2019

Aramco continues diversification with Reliance deal

Saudi Aramco’s panned multi-billion dollar investment in India’s Reliance Industries is another major diversification move for the world’s most profitable company.

August 14, 2019

From Tehran to Tripoli, Turkey is at the heart of illicit crude trade

Turkey has long led the way in the smuggling of crude oil. That is why it was no surprise when the latest export data based on ship tracking showed that Ankara imported half of the sanctioned Iranian crude oil in June — the remainder going to China.

August 03, 2019