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2026-04-08 14:23:49
[Shell Warns: Middle East Conflict Drags Down Qatari Production, Q1 Gas Production Below Expectations] (1) Shell warned that its first-quarter gas production will be lower than previously expected. The energy industry is currently assessing the damage caused by the Middle East conflict. (2) The company expects its integrated gas division to produce 880,000 to 920,000 barrels of oil equivalent per day in the first quarter, lower than the previously expected 920,000 to 980,000 barrels, mainly reflecting the impact of the Middle East conflict on Qatari production. (3) The Middle East conflict has triggered sharp fluctuations in the energy market and has made some of the largest investments in the oil and gas industry targets of the conflict, including one of Shell's core assets in Qatar—the Pearl gas-to-oil plant.
