US EditionStatePress NG: JUST IN : Oil prices may hit $150 per barrel within weeks — Qatar energy chief warns
5 Articles
5 Articles
The largest gas exporter in the area stops and energy prices fly. Europe burns on the Stock Exchange 918 billion. On Wall Street double threat: high prices and weak economy
Qatar's energy minister Saad al-Kaabi warns that all energy exporters in the Gulf would stop their production within a few days, driving the oil price to 150 US dollars per barrel.
The war in Iran drives oil prices up. Qatar warns of a possible price jump to 150 dollars. At the same time, the US labor market is disappointed with job losses instead of new jobs.
Economic storm brewing with spike in oil prices and decline in nonfarm payrolls
Briefing.com Summary: *Crude oil futures prices escalate on Qatar energy minister's warnings about risks of Gulf producers stopping shipments within days and oil potentially topping $150/bbl *The February employment report was a disappointment, highlighted by a sizable decline in nonfarm payrolls. *Talk of stagflation is going to be part of the market narrative.
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