Shell Stock Falls as Qatar Pearl Shutdown Cuts Through the Oil Rally
Shell shares fell 1.2% in London after the company halted production at its Pearl plant in Qatar following attacks on Ras Laffan. One gas-to-liquids train was damaged and could take up to a year to repair, with no injuries reported. European gas prices jumped up to 35% on Thursday, while Brent crude traded at $110.32 a barrel. Shell declared force majeure on Qatari LNG cargoes earlier this month.
