Showing results for "Prince Muqrin"

5 reasons why the upcoming OPEC+ meet will be an ordinary affair

  • By now, the speculations are high on the outcome of the OPEC+ alliance’s meeting on Aug. 3. The widespread belief now is that the alliance will raise production by more than planned on the back of US President Joe Biden’s visit to Saudi Arabia and his call for oil producers to increase produc...
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Secret or reality: can Aramco produce 15 million barrels a day?

  • 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. ...
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Barkindo — the last of the OPEC giants

  • 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. In six months, Kuwaiti Faisal Al-Ghais will replace Barkindo and manage OPEC’s affairs for another six years till the ...
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15th GPCA forum: Bye to Dubai, hi to Riyadh, and too much thinking

  • The last time I attended the annual gathering of the Gulf Petrochemicals and Chemicals Association was a decade ago. There was a lot of fanfare in those days about petrochemical projects. Aramco was working on its megaproject Sadara and SABIC was busy with many other ventures and looking for ...
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What will Saudi Arabia tell the world on Oct. 23?

  • The first Future Investment Initiative forum five years ago witnessed the birth of NEOM, when Crown Prince Mohammed bin Salman shared his vision of that giga-project with the rest of the world. This year we are awaiting another “big bang,” when the crown prince will reveal an energy transitio...
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Why the world still needs OPEC+

  • September 2016 was a historical month for the Organization of the Petroleum Exporting Countries (OPEC). It was in Algeria that the group decided to cut production in the hope of lifting oil prices from their worst slump since the financial meltdown of 2007-2008. I still remember the moment Sa...
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OPEC lacks cohesion and vision, but it is good that we have it

  • Has OPEC learned anything from its past? The oil price collapse of 2014 and the events that ensued have projected a mixed picture. On one hand, it seems that the organization has improved to some extent and OPEC does its business in a new way; on the other hand, OPEC is often approaching its ...
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OPEC plus Russia equals super OPEC

  • When I read the recent comments of Saudi Crown Prince Mohammed bin Salman that OPEC is in talks with Russia to extend the current cooperation between the two for another decade or two, I immediately remembered Buzz Lightyear’s famous line in Toy Story: “To infinity and beyond.”...
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‘If needed’ is a phrase to avoid

  • To extend or not to extend the current production-cuts agreement: That is the question the oil market is waiting to know on Nov. 30, when OPEC ministers and their non-OPEC counterparts meet in Vienna....
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Rebalancing oil market is still a challenge, even for KSA

  • There has been much optimism since last week on the possibility of extending the current production-cuts agreement between the Organization of the Petroleum Exporting Countries (OPEC) and its allies beyond its expiry next March....
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