Faisal Faeq

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

Latest published

Forget ‘fair’ — what we need is a sustainable oil price

Oil prices have already spiked to $70 this year because of rising tensions around Iran, a reminder of the volatility that nobody wants to see become the norm in 2020.

January 15, 2020

How Aramco and millions of Saudis proved IPO skeptics wrong

Brent crude has averaged about $64 per barrel in 2019, a relatively low oil price backdrop for the initial public offering (IPO) of Saudi Aramco. That makes the success of the share sale all the more significant.

December 18, 2019

Saudi budget 2020: Lower oil prices but larger income

This year’s budget demonstrated that the Kingdom is starting to reap the rewards of the Saudi Vision 2030 economic and social blueprint, by diversifying
its income sources while reducing dependence on oil.

December 11, 2019

OPEC+ likely to continue regardless of Russian oil executives’ statements

Saudi Arabia and Russia appear to be heading for the 4th consecutive year of OPEC+ collaboration when producers gather this week.

December 03, 2019

Is shale still challenging OPEC’s output strategy?

US shale producers are cutting spending for the second year in a row. That raises questions about shale’s medium to long-term resilience as it struggles with sustaining the key WTI breakeven point of $50 per barrel.

November 27, 2019

Will Murban succeed as a benchmark?

Abu Dhabi National Oil Company (ADNOC) wants to open a futures market for “Murban” crude oil next year.

ADNOC produces about 1.7 million bpd as its main and most abundant crude grade produced from onshore fields.

November 20, 2019

Saudi Aramco IPO secures its future and enhances its sustainability

Saudi Aramco has announced its intention to proceed with an initial public offering (IPO) on the local Saudi stock exchange “Tadawul” after approval by Saudi Arabia’s Capital Market Authority.

November 06, 2019