UPDATED 02/03/2026 @ 13:47
QatarEnergy has halted production of LNG as conflict in the Middle East escalates. The company will continue to communicate the ‘latest available information’. Earlier in the day, Qatar Ministry of Defence said drones had hit an energy facility in Ras Laffan Industrial City belonging to QatarEnergy, and a power plant in Mesaieed.
Previous updates below
Saudi Aramco has shut its 550,000 barrels per day Ras Tanura refinery after it was hit by a drone, according to Reuters. Multiple oil and gas facilities across the Middle East have been shut down as a precautionary measure while Israeli and US strikes and Iranian retaliation stretched into a third day.
Oil prices surged 13% to above $82 a barrel, the highest since January 2025, as the conflict ground shipping to a near halt in the Strait of Hormuz, through which a fifth of global oil supply flows.
