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ADNOC Gas raised its full-year profit outlook by at least 14% after third-quarter net income reached $1.3 billion, double its forecast, helped by high LNG prices. Gulf LNG exports recovered in October to their highest level since the US-Iran war began, while ADNOC Gas exports remained slightly below pre-conflict levels; the company is considering infrastructure to bypass Hormuz.
Recovering Gulf exports may gradually ease tight LNG supply and price pressure, while continued constraints on ADNOC’s own flows and plans for alternative export infrastructure underline the importance of Hormuz access. Potential LNG oversupply in the early 2030s could weigh on prices over the longer term.
newskenya.netTim McDonnellNov 10, 2026After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
