Faisal Faeq

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

Latest published

Aramco chair appointment part of wider economic reforms

The appointment of Yasser Al-Rumayyan as chairman of Saudi Aramco triggered some speculation about his oil credentials and whether he was the right man for the job. Let’s lay that view to rest.

September 11, 2019

Ministry for industry and mineral resources makes sense

Saudi Arabia created a new ministry for industry and mineral resources, separating it from energy, after a study of the Kingdom’s rapidly changing economic base.

September 04, 2019

Drones fail to dent Saudi output as Asia shuns Iranian crude

Within less than three months, Saudi Aramco oil and gas facilities have been attacked with drones launched by Yemen’s Houthi militias that are supported by Tehran. 

August 23, 2019

From Tehran to Tripoli, Turkey is at the heart of illicit crude trade

Turkey has long led the way in the smuggling of crude oil. That is why it was no surprise when the latest export data based on ship tracking showed that Ankara imported half of the sanctioned Iranian crude oil in June — the remainder going to China.

August 03, 2019

A challenging 2019 second half awaits OPEC+

Even if OPEC+ has a highly probable rollover of 1.2 million barrels per day (bpd) output cuts for the second half of 2019, as agreed at the G20 Summit by Saudi Arabia and Russia, the next six months will still be challenging. 

June 30, 2019

Putin in OPEC+ spoiler alert

Russian President Vladimir Putin has at least removed some of the suspense leading up to the much anticipated meeting of OPEC and its allies in Vienna this week.

June 30, 2019

Can the US refining industry handle a hiccup?

US refining capacity is in decline. In 1981, the US had 324 refineries, but by 2019 the Energy Information Administration reported that tally had dwindled to just 135. 

June 26, 2019

Happy accident: Iran tanker’s sinking feeling

Oh, to be a fly on the hull of the Iranian tanker that broke down in the Red Sea off the Saudi coast. 

May 04, 2019

The $10bn refinery deal at the heart of Saudi and China convergence

King Salman bin Abdul Aziz visited China twice — in 1999 when he was governor of Riyadh province and again when he was crown prince in 2014. Saudi Arabia welcomed Chinese President XI Jinping in 2016. 

February 23, 2019

Saudi Aramco in Indian partnership to build the world’s largest refinery

Saudi Arabia and India are important countries in the global economy — both are among the world’s largest, and part of the “G20” group.

February 20, 2019