Out of bounds

Out of bounds



Singapore
odds Qatar and Arab states raise oil may affect the supply of liquefied gas
cut off Saudi Arabia and its allies are important relations with Qatar, the largest exporter of liquefied natural gas in the world, accusing it of supporting "terrorism" , causing shock waves in the energy sector.
Saudi Arabia said the United Arab Emirates, Egypt and Bahrain, it decided to sever all ties , including transmission lines with Qatar , which also sells oil products such as capacitors, but is not a major source of crude oil.
And it accused the Saudi Press Agency official Qatar " to embrace multi - terrorist and sectarian groups aimed at striking stability in the region, including the Muslim Brotherhood and Daesh ( the organization of the Islamic state) and Al - Qaeda and the promotion of literature and schemes of these groups through their media permanently."
The crisis has yet to affect tanker shipments , but futures prices for crude global measurement Brent rose about one percent to more than $ 50 a barrel on fears of a widening rift in the Arab world.
The move comes after the Organization of the Petroleum Exporting Countries agreed (OPEC), and among its members Saudi Arabia, the UAE and Qatar, in the recent period to extend crude oil production cuts in order to reduce the gap between supply and demand in the market and support prices.
Not yet how the crisis will affect the political decision - making within OPEC , which Saudi Arabia is the largest producer Viha.ostbad seen the source of the Saudi oil sector, the move significantly affect the decision - making OPEC, noting that other political differences within the organization, such as between Saudi Arabia and Iran, OPEC did not prevent agreement on oil policy.
Traders believe, that it was too early to say whether the dispute will affect LNG shipments in the region, where you get both Egypt and the United Arab Emirates on a regular shipments of Qatar.
And meet Qatar about a third of the global demand for LNG has been imported Egypt, which is struggling to meet the needs of electricity 0.857 thousand cubic meters per month on average from Qatar since January 2016 according to data from shipping to Thomson Reuters akon.
This type of fuel is used widely in generating Alkahraba.ccant Egypt has established last year, big tender for the supply of 2017, a large part of them supplied by Qatar, but traders said, the local production of alternative sources such as Norway, Nigeria and the United States growth may clog any potential gap .ostordt Emirates on average 190 thousand cubic meters of liquefied gas per month from Qatar since January 2016 ,
but traders pointed out that other members of the Gulf cooperation Council , such as Kuwait, which is usually consistent with the policies of the Saudi trends, did not take action against Qatar Until now.
The data show that Kuwait has imported an average of 283 thousand cubic meters of liquefied gas per month from Qatar since 2016
and said importers, said that it is unlikely that shipments destined to Asian buyers, the largest importers of LNG in the world are affected, what a dangerous escalation did not happen.


London , the
dollar stabilizes and sterling hurt briefly after the London attack
recovered the dollar on Monday, the lowest level in seven months, which was hit last week high against the euro and the yen, but it still seems threatened in the event of renewed optimism after the Monetary Policy Committee of the European Central Bank meeting this week.
As the recovery of the pound sterling, which oscillates driven by polls divergent opinion ahead of general elections in Britain on Thursday, after an attack in central London, on Saturday it led to a brief drop in early trading Basaa.hobt the euro by more than 0.1 percent to $ 1.1270, but It is still very close to the high level hit on Friday, when it reached US $ 1.1285. The US currency rose 0.1 percent to 110.48 also An.bad that other movements between the currencies of the group of developed ten countries, has kept the US currency index almost stable compared with the close on Friday , which stood at 96.756.
Sterling was recorded little change compared with the closing of Friday recorded the US $ 1.2885 and rose 0.1 percent against the euro to 87.14 pence by 0906 GMT , .



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