Tag Archives: Africa

In reality though. Qatar can block exports to certain countries by issuing so-called destination restrictions.

Saudi Arabia. the UAE. Egypt and Bahrain said on Monday they would sever all ties including transport links with Qatar.

Qatar. like Saudi Arabia and the U.A.E.. is also a member of the Organization of Petroleum Exporting Countries.

Geopolitical consequences aside. market experts believe that the situation around Qatar may serve to become a positive factor for rising oil prices.

Russia does not expect the latest regional diplomatic crisis with Qatar to affect an agreement among major producers to cut oil output.

Algeria has announced plans to increase gas output to 141.3 billion cubic meters (bcm) this year and 143.9 bcm in 2018. from 132.2 bcm in 2016.

Traders covered short positions ahead of OPEC and some of these have now been re-established.

Production at Sharara had dropped earlier this month due to technical problems.

For all OPEC members. $55 [per barrel] and a maximum of $60 is the goal at this stage.

More than 140 members of IGU are associations and corporations representing over 95% of the global gas market.