To say that the alliance of the Organization of Petroleum Exporting Countries and its global counterparts, known as OPEC+, is taking “shortsighted” decisions is an oversimplification of the current global energy crisis.

By now, the speculations are high on the outcome of the OPEC+ alliance’s meeting on Aug. 3.

I guess by now we all know that Saudi Arabia will not raise its production capacity beyond 13 million barrels a day by 2027 after the Kingdom's Crown Prince Mohammed bin Salman made it clear in his address during the regional summit this month that was attended by US President Joe Biden.

18:31 Riyadh time: A message from Mohammed Barkindo. “You’ve indeed been a worthy ambassador to our country, President Buhari tells Barkindo, outgoing OPEC secretary- general,” the message read. 

From a market point of view, what signals can we get from the news that US President Joe Biden has finally decided to visit Saudi Arabia?

The easy answer is more oil supplies.

The headline above would be a perfect headline for a column written by some angry columnists who have their minds fixed on seeing Saudi Arabia as a country that can't advance nor could its institutions lead.

With the departure of Nigeria’s Mohammed Barkindo, the age of the giants heading the secretariat of the Organization of the Petroleum Exporting Countries will come to an end.

I was both sad and happy when I heard yesterday that Haitham Al-Ghais has been appointed the next secretary general of the Organization of Petroleum Exporting Countries.

Saudi Arabia’s Public Investment Fund was left out of the global top 10 rankings for sovereign wealth funds last year — but that is really a good thing.