Columnist
Faisal Faeq
Faisal Faeq is an energy adviser and columnist. He formerly worked with Saudi Aramco and OPEC Secretariat. Twitter:@FaisalFaeq
Latest published
Imposing a carbon tax on oil exports makes no sense
Not only is Saudi Arabia bringing a new perspective to the 26th UN Climate Change Conference, also known as COP26, but it is leading by example as usual by hosting inaugural events in Riyadh a few days ahead of the conference.
Demand is recovering, but oil investments are not
The price of Brent Crude has hovered around the $70 per barrel mark for about three months. In July 2021, the price averaged $75, while in July 2020 it was $43 per barrel, meaning it saw a 60 percent increase in just one year.
Market’s bearish developments show that OPEC+ was right
The latest bearish developments in global oil markets invalidates the earlier requests from both the White House and the International Energy Agency (IEA) for OPEC+ to boost oil output.
Asking OPEC+ to pump more is not always right approach
For a US president to ask OPEC, and now OPEC+, to pump more crude at a time of high gasoline prices at the pump is not something new.
Saudi Arabia will bring new perspective to COP26
The 26th UN Climate Change Conference (COP26) will take place this November in Glasgow, with efforts already starting on ramping up the global transition to reach net zero emissions by 2050.
Iranian oil revival will not add short-term bearishness
The possibility of a quick Iranian oil revival is not something any oil company or producer should worry about as the market has already factored this into the price.
Riyadh at the center of an economic renaissance
The Future Investment Initiative (FII), nicknamed “Davos in the Desert,” last week clearly showed the world’s confidence in Saudi Arabia’s economy, stability, and ability to achieve the goals and strategies of Saudi Vision 2030.
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