Tuesday, QatarEnergy announced that it has stopped the production of some downstream products in the State of Qatar, including urea, polymers, methanol, aluminum and other products.
On March 2, it announced that it had stopped production of liquefied natural gas and associated products.
This sudden move is expected to impact Qatalum, a joint venture between QatarEnergy and Norsk Hydro ASA (NHYDY.PK). However, the specific implications for aluminum production at Qatalum are currently unclear, and Hydro is seeking to obtain more information.
Norsk's stock closed at $9.51, up 2.70 percent on the OTC Markets.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.