[Analysis: Far-reaching impact of Middle Eastern oil-producing countries' production cuts, oil prices may soar on Monday] BlockBeats news, March 8, according to analysis by The Kobeissi Letter, Kuwait, UAE, Saudi Arabia, Iraq, and Qatar have all confirmed at least partial suspension of oil production. Qatar has completely halted the supply of approximately 20% of the world's liquefied natural gas. The bigger issue is that once oil and gas facilities are shut down, restarting production capacity is not easy. Once factories cease operations, it may take weeks or even months for production to return to full capacity. The analysis points out that U.S. stock index futures will open in less than 24 hours. However, with soaring oil prices, the market has yet to see any signs of easing in the Middle Eastern situation. Therefore, the next 24 hours are critical. Unless there is intervention, oil prices seem likely to surge above $100 per barrel.