Qatar Energy Minister al-Kaabi cautions that the Middle East conflict could cause all Gulf energy producers to have to shut production within weeks, increasing oil to USD 150/bbl, FT reports
Importance
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- Under such a scenario, gas prices could get to EUR 117/MWh for Dutch TTF.
- Adds, even if the conflict ended immediately, it would take weeks or months for Qatar to return to its usual delivery cycle.
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