An agreement has been reached by the expanded oil group Opec+ regarding production cuts and the estimated quotas between the members of the organisation.
Qatar’s ability to fully service its debt obligations remains strong, despite the economic shock from the coronavirus (Covid-19) pandemic and a collapse in oil prices ...
Lower-for-longer oil prices will weaken the fiscal and external positions of all rated oil exporters, “exacerbating” sovereign credit pressures as lower oil demand persists for several years ...
"When testing for the asymmetry relating to the magnitude of oil price changes, we find that stock return sensitivities are significantly higher for large oil variations in Oman and Qatar," the IMF working paper said.
Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in US drilling for new production also dragged on prices.
Opec and its allies should maintain oil supply curbs to guarantee healthy price levels which will allow increased investment in the industry and help avoid a supply and price shock in the long run, Qatar's Minister of Energy and Industry HE Dr Mohamed bin Saleh al-Sada said.
Oil fell on Thursday, giving up earlier gains after Opec members agreed to extend curbs on output to the end of next year at a meeting in Vienna, though a final deal hinges on the decision of non-Opec producers, expected towards the end of the day.