How Significant is Qatar in Oil Cut Deal

June 12, 2017 Share Print 0

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.

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.