Qatar warns Gulf exporters may collectively halt production, oil prices could rise to $150 per barrel

Golden Ten Data reported on March 6th, citing the Financial Times, that Saad al-Kaabi stated that after its largest liquefied natural gas plant was attacked by Iranian drones, even if the war ends immediately, Qatar would need "weeks to months" to restore normal delivery cycles. As the world's second-largest producer of liquefied natural gas, Qatar was forced to declare force majeure this week after the attack on its Ras Laffan plant. Although Qatar exports a relatively small proportion of its natural gas to Europe, the minister noted that as Asian buyers bid up prices to compete for the remaining gas on the market, and other Gulf countries find themselves unable to fulfill contractual obligations, the European continent will experience significant pain.