Gulf weekly: Aftermath of Abqaiq attack resonates but other business continues

GULF COUNTRIES - Report 22 Sep 2019 by Rory Fyfe and Justin Alexander

The aftermath of the Abqaiq attack remained the main focus for the oil market and regional geopolitics. Developments to date seem to support our view that an escalation is unlikely and the focus is shifting to posturing and possible negotiations at the UN General Assembly over the next few days. Meanwhile, there have been plenty of other developments in the Gulf this week, from a mirroring in Fed cuts by three countries to plans for a new bond issuance by Bahrain. The outcome of the Israeli elections, which is still unclear, will bear on regional geopolitics and relations with the US.

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