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Kuwait cuts oil production as Strait of Hormuz closure disrupts global energy market
Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.
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arabnews.com
Gulf oil exports could stop within weeks, warns Qatar energy minister as Iran war continues
RIYADH: Gulf oil producers could halt exports within weeks due to the ongoing Middle East war, sending crude prices to $150 a barrel, according to Qatar’s energy minister. In an…
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bbc.com
Oil price jumps after Qatar minister warns all Gulf production could stop
Energy Minister Saad al-Kaabi says energy prices for everyone will rise if the Iran war continues.
