# Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

> An attack on September 14 damaged Saudi Aramco's Abqaiq processing plant and Khurais oil field, cutting Saudi output sharply. Brent and WTI posted their largest single-day gain in a decade on September 16, and Saudi Aramco said Abqaiq was back to 2 million bpd with full capacity expected by end-September.

- Date: 2019-10-01 · published 2019-10-01T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude high
- Page: https://feedsoft.ai/events/57236-saudi-arabia-crude-oil-production-outage-affects-global-crude-oil-and-gasoline
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The outage removed a large share of global supply and widened risk premiums, lifting crude and gasoline prices; the fast restoration plans then pulled prices back, so the outcome depends on how quickly output returns.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +24.7% | +51.3% |
| BRENT | 2020-05-11 | [Saudi Arabia deepens oil cuts as weak demand weighs on prices](https://feedsoft.ai/events/53030-saudi-arabia-deepens-oil-cuts-as-weak-demand-weighs-on-prices.md) | +15.8% | +46.8% |
| BRENT | 2022-03-01 | [Oil prices surge over 7% as global crude reserve release disappoints](https://feedsoft.ai/events/6278-oil-prices-surge-over-7-as-global-crude-reserve-release-disappoints.md) | +23.6% | +11.2% |
| BRENT | 2020-04-09 | [Saudi Arabia and Russia end their oil-price war with output cut agreement](https://feedsoft.ai/events/53548-saudi-arabia-and-russia-end-their-oil-price-war-with-output-cut-agreement.md) | -20.8% | -7.2% |
| BRENT | 2016-12-13 | [Finance Colombia   » Colombian Peso Soars on News of Global Oil Production Cuts](https://feedsoft.ai/events/73737-finance-colombia-colombian-peso-soars-on-news-of-global-oil-production-cuts.md) | -1.1% | -0.9% |
| WTI | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +33.1% | +46.3% |
| WTI | 2020-05-11 | [Saudi Arabia deepens oil cuts as weak demand weighs on prices](https://feedsoft.ai/events/53030-saudi-arabia-deepens-oil-cuts-as-weak-demand-weighs-on-prices.md) | +19.0% | +54.4% |
| WTI | 2022-03-01 | [Oil prices surge over 7% as global crude reserve release disappoints](https://feedsoft.ai/events/6278-oil-prices-surge-over-7-as-global-crude-reserve-release-disappoints.md) | +24.3% | +11.5% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=41413

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.