• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 3 hours China has invested btw $30 - $40 Billon in Canadian Oil Sands. Trump should put 10% tariffs on all Chinese oil exported into or thru U.S. in which Chinese companies have invested .
  • 13 mins Tit For Tat: China Strikes Back In Trade Dispute With U.S. With New Tariffs
  • 13 hours Iran Is Winning Big In The Middle East
  • 1 hour Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 3 mins It's Not the Job of the Government to Dictate Where Businesses Should Go
  • 11 hours Strong, the Strongest: Audi To Join Mercedes, BMW Development Alliance
  • 14 hours IS ANOTHER MIDDLE EAST WAR REQUIRED TO BOLSTER THE OIL PRICE
  • 24 hours Trump cancels Denmark visit amid spat over sale of Greenland
  • 15 hours Not The Onion: Vivienne Westwood Says Greta Thunberg Should Run the World
  • 23 hours OPEC will consider all options. What options do they have ?
  • 12 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 7 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 13 hours Philadelphia Energy Solutions seeks to permanently shut oil refinery - sources
Canada’s Oil Crisis Is Far From Over

Canada’s Oil Crisis Is Far From Over

The negatives for Canadian oil…

Saudi-Led Bloc Eases Up On Qatari Demands

Doha

Diplomats from the four Arab countries that are leading the boycott against Qatar have signaled that the Saudi-led bloc is no longer demanding that Qatar comply with a list of 13 demands that many analysts and politicians have said are too draconian for the tiny gas-rich nation to agree to meet.

Diplomats from Saudi Arabia, Bahrain, Egypt, and the United Arab Emirates (UAE) told reporters at the UN on Tuesday that the four countries no longer want Qatar to comply with the 13 demands, but have come up with six broad principles which they want Qatar to sign up to, the New York Times reports. Speaking at a news conference convened by the UAE at its mission to the UN, the diplomats said that their so-called six broad principles include denying safe havens and financing to terrorists, combating terrorism and extremism, stopping incitement of hatred and violence, and refraining from interfering in the internal politics of other countries.

Less than two weeks ago, the four Arab states vowed to take new measures against their tiny gas-rich neighbor after Doha rejected in full the list of 13 ultimatums. On June 22, the four countries issued a list of 13 demands to Qatar, giving their isolated neighbor just 10 days to meet those demands, which included severing ties with Saudi archrival Iran, and shutting down the Al-Jazeera TV network. At the end of the 10-day deadline, the four countries gave their neighbor another 48 hours to meet those demands. Qatar did not.  

“Our aim is to reach a diplomatic solution,” the NYT quoted Saudi Arabia’s United Nations ambassador, Abdullah bin Yahya Almouallimi, as saying on Tuesday.  

Asked if compromise were possible, Almouallimi said that “of course we can compromise — but no compromise on the six principles.”

The UAE ambassador to the UN, Lana Nusseibeh, said that regardless of how things evolve, “we’re never going back to the status quo — that needs to be understood by the Qataris.”  

Related: U.S. May Halt Oil Imports From Venezuela

Anwar Gargash, the UAE’s Foreign Affairs Minister, told Bloomberg in an interview in London earlier this week:

“Weeks, months, as long as it will take them to realize that this is not a crisis that we are looking for a quick fix. This is a crisis that we want to get to the bottom of, and we want to take away Qatar’s huge, huge support for this extremism and terrorism that we’re seeing everywhere. We need a solution that will stick. We need a solution that’s long-term.”   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Bill Simpson on July 19 2017 said:
    Well, I guess the invasion is off, then. We won't hear the frantic screams like, "Grab all the diamonds and Rolexes and run for the Gulfstream! Leave the bullion. It's too heavy."

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play