Oil slips on worries Mideast rift could undermine OPEC cuts

June 6, 2017 By Christopher Johnson LONDON (Reuters) – Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market. Kuwait Oil Minister Essam al-Marzouq said Qatar was committed to an OPEC agreement to restrict supply, telling Kuwaiti state news agency KUNA Doha was complying with its obligations. “Qatar is … committed to the supply cut decision and its compliance ratio ranges between 93 and 102 percent,”…

Read More