• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 2 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 7 hours America's pandemic dead deserve accountability after Birx disclosure
  • 9 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 18 hours U.S. Presidential Elections Status - Electoral Votes
  • 1 hour Putin blocks Ukraine access to Black Sea after Joe blinks
  • 10 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 4 days Joe Biden's Presidency
  • 9 hours Fukushima
  • 17 hours CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 3 days New Chinese Coal Plants Equal All those in U.S.A
Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Arab States Extend Deadline For Qatar Ultimatum

Saudi Arabia, Bahrain, Egypt, and the UAE have given Qatar 48 more hours to submit to a list of demands presented to the emirate ten days ago. The demands included things like closing Al Jazeera TV and other news outlets, cutting off its ties with Iran outside trade, and no more funding extremist organizations – something Qatar has consistently denied.

Qatar’s Foreign Minister said, as quoted by Bloomberg, that the demands were “submitted to be rejected,” although it seems that the four countries that made them expected Doha to quickly surrender. It hasn’t done so, leaning on Iran, Turkey, and other international support for peaceful reconciliation. And of course, further muddying the waters, the UAE is heavily dependent on Qatari gas.

The four countries said in their most recent statement that they expect Qatar to respond to the demands by late Tuesday or early Wednesday, and an answer “will then be sent following the study of the Qatari government's response and assessment of its response to the whole demands.”

There is little to suggest Qatar will change its mind about the steep demands by Wednesday, which will leave the Saudi-Arabia led group with several options, excluding armed escalation, which analysts consider highly unlikely. Related: OPEC’s Crude Exports To The U.S. Near All-Time Lows

According to analysts who spoke to Bloomberg, the most obvious choice would be to leave things as they, are to or tighten the restrictions already in place, making it harder for foreign companies and individuals to do business with Qatar.

Another option on the table is approaching common international partners and asking them to join the embargo. This, however, would not be a very smart choice: Europe, the U.S., or Japan are unlikely to agree to such a request.

Forcing Qatar out of the Gulf Cooperation Council is also a possibility, but not a very likely one unless the group manages to convince Kuwait—which has spearheaded reconciliation efforts—and Oman, which has stayed completely neutral, to vote for the expulsion.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News