Market Research Logo

Saudi Arabia Oil & Gas Q1 2019

Saudi Arabia Oil & Gas Q1 2019

Key View:

The outlook for Saudi Arabia's oil sector looks more clouded in 2019. The softer approach being adopted by the UStowards Iran has slackened the global oil market and undercut prices. Global demand growth is also slowing, putting pressure onOPEC to reduce its output to match consumption. We have downgraded our short-term oil production forecast to reflect this alteredmarket balance. The outlook for gas production remains bullish, with the kingdom progressing a number of projects, including amajor expansion at Hawiyah. Downstream capacity is also expanding, with Jazan set to reach fully capacity in 2019, boosting bothdomestic supply and exports. Oil demand growth, though, remains weak, dragged down by softer-than-expected economic activityand the aftershock of fuel subsidy reforms in January 2018. Gas demand continues to grow strongly, but is capped by domesticsupply constraints and the lack of import alternatives.


Key View
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Upstream Projects
Upstream Oil Production
Upstream Gas Production
Refining
Refined Fuels Consumption
Gas Consumption
Oil Trade
Gas Trade
Industry Risk/Reward Index
Middle East And North Africa Upstream Oil & Gas Risk/Reward Index
Middle East And North Africa Downstream Oil & Gas Risk/Reward Index
Saudi Arabia Upstream Oil & Gas Risk/Reward Index
Saudi Arabia Downstream Oil & Gas Risk/Reward Index
Market Overview
Saudi Arabia Energy Market Overview
Oil & Gas Infrastructure
Company Profile
Saudi Aramco
Regional Overview
MENA Oil & Gas Overview
Oil & Gas Glossary
Oil & Gas Methodology

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report