Gas-rich Qatar’s Dispute With Arab States Pushes Up Oil Prices

Gas-rich Qatar’s Dispute With Arab States Pushes Up Oil Prices

Crude prices rose on Monday morning as 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. Read More…

 

 

 

Credit By: News18

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