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.

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.

If you read the findings of a study conducted by The Red Sea Development Co., a company fully owned by the Public Investment Fund, the first thought that might come to your mind is that Saudi Aramco may not retain its position as the most sought-after employer in future. 

When you enter search terms such as “invest” and “Saudi” using Google, Twitter, or any other social media, the result is often a mix of shock and negativity.

ACWA Power is a well-known Saudi energy company. It’s more known outside of Saudi Arabia than inside with projects stretching from South Africa to Indonesia and with a diverse portfolio ranging from coal-fired plants to green hydrogen.

The response that US Energy Secretary Jennifer Granholm gave to Bloomberg’s Tom Keene on Friday was truly shocking, typical, and full of contradictions.

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.

Saudi oil ministers are always powerful figures. They are selected wisely and carefully because they are the oil diplomats whose words represent the official line of the country and move markets.