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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

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.

07 November 2018 11:38 AM

Questions over reliability of IEA forecasts

Since the start of 2018, the Paris-based International Energy Agency (IEA) has constantly been putting forward pessimistic forecasts to halt rising oil prices.

01 November 2018 01:13 PM

Iran oil sanctions pose opportunity for US producers

Iran has asserted that no OPEC member can take over its share of oil exports. This has created a quandary, as only OPEC producers in the Arabian Gulf have crude available with a sulfur level above 0.5 percent, matching Iran’s sour crude.

28 October 2018 09:59 AM

Speculators play bigger role on downward sentiment

So far, oil prices have responded to geopolitical factors in a relatively calm fashion, with prices still remaining in the $70-$80 range.

21 October 2018 01:21 PM

Little change in oil prices as supply concerns ease

Oil prices haven’t changed much over the past week. Brent Crude fell slightly below $80 per barrel for the first time in a month and settled at $79.78 per barrel by the week-ending close on Friday. WTI also fell slightly below $70 per barrel for the first time since mid-September and settled at $69.12 per barrel by the end of the week.