Qatar extends LNG force majeure to Italy's Edison through December as global supply tightens

Qatar has extended its force majeure declaration on liquefied natural gas cargoes to Italy's Edison $EDIN through end-December, signaling continued disruptions in global LNG markets. The prolonged supply restrictions underscore ongoing geopolitical tensions affecting energy flows into Europe during the winter heating season.

Oil prices have responded to supply concerns, with UBS forecasting Brent crude near $110 per barrel by year-end amid freight cost pressures and geopolitical risks in the Strait of Hormuz and broader Middle East tensions.

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