Browsing Tag
Force Majeure
2 posts
Iran attacks Qatar’s energy heart, setting region back 10 to 20 years, CEO says
Iranian strikes on Qatar's Ras Laffan Industrial City have destroyed 17% of LNG export capacity. QatarEnergy CEO confirms force majeure on contracts with Europe and Asia.
Oil crosses $90 as Gulf states run out of storage: Kuwait cuts, Qatar declares force majeure
Brent crude hit $92.69 and WTI closed at $90.90 as the Strait of Hormuz closure forced Kuwait output cuts and Qatar to warn of $150 oil within weeks.