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Faisal Mrza

Faisal Mrza is an energy and oil market adviser. He was formerly with OPEC and Saudi Aramco. Reach him on Twitter: @faisalmrza

24 August 2019 03:01 PM

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.

03 August 2019 10:45 AM

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

Turkey is cited as having the largest oil smuggling network, taking advantage of its strategic location and pipeline to the Mediterranean.

25 July 2019 02:26 PM

Tehran clutches at straws with black market claims

Iranian Oil Minister Bijan Zanganeh said that Tehran was able to sell oil through “unconventional” means to circumvent US sanctions.

19 July 2019 05:30 PM

Higher Saudi fuel prices are a small price to pay for reform

Saudi Aramco increased the retail price of gasoline for the third quarter of 2019 over the weekend.

01 July 2019 11:10 AM

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.

15 June 2019 03:01 PM

Latest Gulf attacks will have grave impact on energy trade

This week’s attacks on two tankers in the Gulf of Oman mark a serious escalation in regional tensions, and will have a grave impact on the global oil trade.

15 May 2019 03:24 PM

Iran’s aggression threatens the world, not just the Gulf

It is surely no coincidence that Tuesday’s attack on energy facilities in the Kingdom came just two days after four commercial ships, including two Saudi oil tankers, were sabotaged off the UAE coast.

24 April 2019 12:35 PM

‘Safety valve’ Saudi Arabia can make up for lost Iranian oil

Saudi Arabia is more than capable of compensating for lost Iranian oil exports, following the move by the US administration to end waivers to sanctions on Tehran.

14 April 2019 11:17 AM

Tight market may give OPEC pause for thought

Oil continued its rally, driven by involuntary supply losses from Venezuela, Iran and Libya. The market has steadily tightened for the second month in a row and it seems that Brent has settled around the $70 per barrel mark.

13 February 2019 11:13 AM

Why did Japan just resume importing Iranian crude oil?

Asian Pacific refiners had halted purchases of Iranian crude oil amid US sanctions, despite the existence of waivers, and did not resume imports until recently, when Japan and South Korea received their first cargoes in months.

04 January 2019 11:02 AM

Why Australia leads Qatar as the world largest LNG supplier

This winter, the liquefied natural gas (LNG) market experienced a different focus as US gas exports were challenged by weaker Asia demand. That kept the global LNG market under pressure and led to weaker prices than previous winters.

30 December 2018 07:13 AM

Five factors fueling the oil market in 2018

It was a rollercoaster-ride of a year for the oil markets, with Brent prices soaring to a high of $86 in October, before a dramatic crash to as low as $50 earlier this month.

24 December 2018 09:30 AM

World oil crisis looms as supply levels under threat

Oil prices continued their decline last week, with the market adversely affected by global financial turmoil, slowing growth and

19 December 2018 07:50 AM

Saudi Arabia’s blueprint for growth shows reforms add up

Oil prices and their likely fluctuation have been an issue for Saudi Arabia as it plans its budget each year.

16 December 2018 09:05 AM

US refiners count cost of lower crude prices

Since early December, oil prices have been moving in a narrow band with Brent crude hovering between $60 and $62 per barrel. Lower price forecasts continue from financial advisers and international organizations.

09 December 2018 12:08 PM

Exemptions to have little bearing on oil cuts impact

The cooperation between OPEC’s 15 members and a group of non-OPEC nations led by Russia, known as OPEC+, is set to enter its third year after an agreement was reached in Vienna last week.

02 December 2018 09:20 AM

OPEC+, not Trump tweets, key to oil market in 2019

Oil prices were last week hovering around the psychological level of $60 per barrel of Brent crude, dropping to under $59, and at best, rising a little over $61. The massive rally in US stocks didn’t lift prices.

14 November 2018 02:49 PM

Iran’s call on OPEC to kill off key committees is misguided

Last week, Iran requested that OPEC officially abandon JMMC and JTC.