Tag Archives: Egypt

The diplomatic dispute has stoked concern that any supply disruption could spill over into global gas markets.

More than 60% of Egypt'.s LNG imports in 2016 -- 4.61 million mt of a total 7.26 million mt -- were sourced from Qatar.

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.

The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

OPEC has been urging other producers to join the supply pact.