Saudi Arabia and Qatar Are Still Friends When It Comes to Tankers
- Saudi Arabia and U.A.E. cut off diplomatic ties with Qatar
- Co-loadings among three nations steady despite the spat
Saudi Arabia Says Qatar Must Amend Behavior
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As Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing is becoming increasingly clear in the oil market: tensions have yet to reach a point where the world’s biggest crude exporter is disrupting its tiny neighbor’s shipments.
The number of tankers that are filling with Qatari crude along with that of Saudi Arabia or the United Arab Emirates actually increased since tensions escalated on June 5, according to ship-tracking data compiled by Bloomberg for the 25 days before and after that date.