How Significant is Qatar in Oil Cut Deal

The Saudi-led effort to isolate Qatar won’t impact the price of oil much, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, told CNBC.

“Within the energy markets, there is no change,” Al-Falih said on the sidelines of meetings in Kazakhstan over the weekend.

Several Saudi-led Arab states abruptly cut off ties to tiny Qatar earlier this month.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.