For OPEC, Saudi-Qatar Crisis Is Just Latest Family Squabble
- OPEC deals have survived many political clashes: Al-Awadhi
- Group continued to function through past wars, invasions
How Qatar Isolation May Impact OPEC Production
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The diplomatic clash between Qatar and three Arab allies flared regional tensions and caused oil prices to jump. For OPEC, it’s likely to remain business as usual.
Saudi Arabia and three other Arab countries severed most diplomatic and economic ties to Qatar to punish the nation for its links with Iran and Islamist groups. Although most of the countries involved are members of the Organization of Petroleum Exporting Countries, the stand-off is seen posing little threat to the group’s initiative to re-balance world oil markets by cutting production.