Lower runs are being reported at Kuwait refineries, including the Al Zour refinery, according to IIR
- Says it received a notice from Qatar Energy (who announced a Force Majeure yesterday after halting LNG production the day before).
Context
The report of lower runs at Kuwait refineries, especially Al Zour, coupled with Qatar's declaration of Force Majeure on LNG production, suggests potential supply constraints in the energy market. This may elevate short-term prices for crude and LNG as traders reassess supply availability and risk associated with further disruptions. Keep an eye on how this affects regional pricing and demand in the EU and US sessions.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#QATAR#EU SESSION#US SESSION#LNG#ENERGY & POWER