Qatar News Agency, Citing Minister of State for Energy Affairs, says the ongoing war will force Gulf states to halt energy production and exports within days.
Importance
Level 1
- Continued war could drive oil prices to USD 150 per barrel and gas to USD 40 per million British thermal units (MMBtu).
- We expect all exporters in the Gulf region to declare force majeure within days.
- If the war ends immediately, it will take Qatar weeks to months to return to normal supply levels.