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Natural gas & LNG

Executive Summary September 2019

Regional analysis & forecasts
Market overview

Market developments

  • The attacks on facilities in Saudi Arabia’s oil heartland of Abqaiq and Khurais on 14 September shut down 5.7 million barrels per day of crude capacity and 56.6 million cubic metres per day (MMcm/d) of gas capacity. The Brent crude front-month futures price soared to a high of around $72/bbl on 16 September, almost $12/bbl higher than the closing price of the last session on 13 September. This increase marked the highest such price-jump on record. The Saudis expect to fully restore the affected...