Related Articles
Report
Forward article link
Share PDF with colleagues

Doha will deliver

Qatar will have no trouble keeping its part of the deal

The supply cuts do not bother Qatar unduly. Doha has started cutting the 30,000 barrels a day it pledged, to meet the planned level of 0.618m b/d, and state-owned Qatar Petroleum's (QP) president and chief executive Saad Sherida al-Kaabi has advised export customers of the slight volume reductions. Qatar's dominant Asian buyers-Japan, Thailand and Singapore-will have no problem plugging the small gap from other sources. In short, Doha's clients are happy for now. Qatar's small cuts will focus on wells in the country's biggest field, the 300,000-b/d al-Shaheen, due to its relatively high production costs and medium-heavy crude, says Dubai-based consultancy Qamar Energy. Production at the Duk

Also in this section
Cracks in the US shale recovery?
27 July 2017
Oil bulls shouldn't get too excited about those capex cuts yet
Gulf members try to shore up Opec's credibility
26 July 2017
But a pathway out of the cuts is still not clear
Companies are deciding to invest again, but can the other projects compete with US tight oil?
25 July 2017
Despite an increase in new projects sanctioned this year, shale still poses a threat