Faisal Faeq

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

Latest published

Has the pandemic helped national oil outperform international peers?

Second-quarter earnings from international oil companies (IOCs) were generally disappointing to investors. That is hardly surprising given the impact of the coronavirus pandemic on global energy demand.

September 30, 2020

Why the Ministry of Industry will supervise petrochemical sector

King Salman has issued a royal order authorizing the Ministry of Industry and Mineral Resources to supervise the petrochemical sector.

This comes a year after the establishment of the Ministry of Industry and Mineral Resources, which was separated from the Ministry of Energy.

September 14, 2020

Saudi energy minister meets historic challenges

Sept. 8, 2020 will mark the first anniversary of Prince Abdul Aziz bin Salman becoming Saudi energy minister.

September 07, 2020

High-stakes presidential race casts cloud over future of US shale

There is much at stake for the US shale oil industry in the forthcoming US presidential race. History shows us that the oil and gas industry did not prosper under the last two Democratic administrations.

August 19, 2020

Aramco emerges from pandemic in better shape than peers

Aramco’s results stood out from the pack of global oil and gas companies reporting their numbers over the last few weeks.

August 13, 2020

Oil majors swap drilling for trading to stem losses

The latest crop of second-quarter earnings from the international oil companies made for an interesting read and represented the first opportunity to measure the impact of the historical slump in oil prices in April on their balance sheets. It was bad, but not quite as brutal as expected.

August 06, 2020

Can OPEC producers hedge the remaining oil in the ground?

The historic OPEC+ output cuts agreement has kept vast quantities of oil in the ground.

This represents an opportunity for hedging these remaining barrels in their reservoirs and selling them at specified prices in the future.

July 30, 2020

Why the death of oil has been much exaggerated

There was a certain inevitability that the coronavirus pandemic and its associated lockdowns would revive the claims that the oil era is all but over.

July 23, 2020