Faisal Faeq
Seeking Alpha
Saudi Arabia
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Past articles by Faisal:
Are U.S. Gasoline Retail Prices Linked To Brent Or WTI?
The inelasticity in crude oil / refined products prices has clearly applied to US gasoline prices, and this has been intensified by the surge in gasoline retail prices vs. crude oil prices. → Read More
Who has defeated the pandemic? OPEC or oil traders?
Although oil demand is still far below pre-pandemic levels, prices have exceeded them. Yet producers from the Organization of the Petroleum Exporting Countries (OPEC) have shown great flexibility in adapting their output cuts as the market dictates. Such flexibility may again come into play as the group considers whether to extend the tight market strategy in the rest of the → Read More
Which energy source was to blame for catastrophic Texas power outages?
The energy mix for electrical power sources in Texas includes 46 percent natural gas, 23 percent wind, 18 percent coal, 11 percent nuclear, and 2 percent solar. Renewable energy is therefore only responsible for producing 25 percent of electricity in the state, which has a power grid isolated from the rest of the networks in the US. Power transmission from the energy sources → Read More
Oil outlook: Can the events of 2020 ever be repeated?
In 2019, the average Brent crude price was $64, while in 2020 it started at around $70, falling to $50 and averaging at closer to $40. In early 2020, the Brent crude oil price hit $70 after US-China trade tensions eased and the impact of the trade dispute on oil started to fade. An improvement in the global economic outlook was expected, after the battle between the → Read More
Weekly Energy Recap: December 18, 2020
Oil prices continued to rise for the seventh week in a row. On the week closing, Brent crude rose to $52.26 per barrel and WTI crude moved up to $49.10 per barrel. → Read More
Weekly Energy Recap: December 11, 2020
Brent crude price almost hit the important $50 barrier for the first time since March 2020. Oil prices made their sixth consecutive weekly gain despite unchanged fundamentals and bearish market developments. → Read More
Weekly Energy Recap: 5 Weeks Of Recovery And 5 Years Of Cooperation
Brent crude advanced to $49.25 per barrel, the highest level since early March as WTI also gained to $46.26. → Read More
Oil Rises For 4th Week On Vaccine News
Brent crude rose to $48.18 per barrel, the highest level in eight months. Oil prices recorded their fourth successive weekly gain on positive vaccine news and hopes for a sooner-than-expected recovery in demand. → Read More
Brent Approaching $50: Will It Change OPEC+ Output Strategy?
OPEC+ producers have shown great flexibility in adapting their output cuts scenario as the market dictates. → Read More
Weekly Energy Recap: Vaccine Hopes Spur Demand
Refiners in Asia are ramping up in anticipation of the winter peak in demand for heating oil. Oil prices rose to their highest level in three months after recording a third weekly gain. → Read More
Weekly Energy Recap: Vaccine Unlikely To Rescue Global Oil Demand For Some Time, Says IEA
Oil prices registered a second weekly gain, even as the surge in COVID-19 cases worldwide tempered market optimism. → Read More
Weekly Energy Recap: East Vs. West; The Race For Market Recovery
Oil prices rebounded this week but remained below the $40 barrier. Prices have remained under pressure since crashing to their lowest since early June the previous week. → Read More
Even In The Pandemic Year, Aramco Remains A Safe Haven For Investors (Private:ARMCO)
Unlike many of its peers, Saudi Aramco is less exposed to the collapse of oil prices and reduced global demand linked to coronavirus. → Read More
Weekly Energy Recap: Prices Fall, Libyan Output Up
Although oil prices weakened last week, they remain anchored in the low $40s. Analysts attributed the decline to a somewhat weaker demand outlook after US gasoline inventories increased steadily. → Read More
Is the market convinced by OPEC’s outlook?
Last week the OPEC secretariat launched the 14th edition of its flagship annual publication, “World Oil Outlook” (WOO2020). It coincided with the 60th anniversary of the group. It is the first time the publication has extended its time-frame to 2045, providing an additional five-year window to examine energy sector developments from supply and demand to policy and technology, → Read More
Weekly Energy Recap: Strikes And Storms
Hurricane Delta led to an outage of about 90 percent of production, the main contributor to price rises. → Read More
Weekly Energy Recap: Global Focus Turns From China To U.S.
The global oil market has entered the fourth quarter on a bearish note. Both international benchmarks fell below the $40 barrier, as Brent crude dropped to $39.27 per barrel and WTI fell to $37.05. → Read More
Has The Pandemic Helped National Oil Outperform International Peers?
Second-quarter earnings from international oil companies (IOCs) were generally disappointing to investors. → Read More
Weekly Energy Recap: 'Second Wave' Of COVID-19 Threatens To Shut Down Major Economies
Both international benchmarks ended last week lower as Brent crude dropped to $41.92 per barrel and WTI crude prices fell to $40.25 per barrel. → Read More
Weekly Energy Recap: Oil Bounces Back Amid KSA Pledge
The bearishness in the market was emphasized by the monthly oil reports from both OPEC and the International Energy Agency. → Read More