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Monday, 5 June 2017

Qatar's dispute with Arab states lifts oil prices, may impact LNG supplies | Reuters

Qatar's dispute with Arab states lifts oil prices, may impact LNG supplies | Reuters:

"Saudi Arabia and key allies on Monday cut ties with Qatar, the world's top seller of liquefied natural gas (LNG), accusing it of supporting extremism and sending shockwaves through the energy industry. Saudi Arabia, along with the United Arab Emirates, Egypt, and Bahrain said they would sever all ties including transport links with Qatar, which also sells oil products like condensate but is not a big crude oil exporter. "(Qatar) embraces multiple terrorist and sectarian groups aimed at disturbing stability in the region, including the Muslim Brotherhood, ISIS (Islamic State) and al-Qaeda, and promotes the message and schemes of these groups through their media constantly," Saudi state news agency SPA said."



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