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OIL AND GAS
Joint US-Qatar navy exercise wraps up
by Staff Writers
Doha (AFP) June 16, 2017


The US and Qatari navies on Friday ended a three-day joint exercise involving nine vessels that took place at a time of high diplomatic tension between Doha and Gulf neighbours.

Among the tests carried out were air defence and surface missile simulation drills, according to a senior Qatari naval officer.

The ships which took part in the exercise off Qatar's east coast included gun boats as well as coastguard and supply vessels.

Four ships from the US Navy took part.

The joint exercise was requested by the US Navy "a few weeks back", according to Staff Commander Mohammed Desmal Al-Kuwari.

He said that exercises involving Qatar and its allies would continue.

"There are many allies asking for exercises within our waters," he told AFP.

"Many navies from our European allies are asking for exercises."

The Qatari and US navies carry out joint exercises off the Qatari coast around four times a year, said Commander Al-Kuwari, the joint exercise commander.

He added that despite the diplomatic tension in the Gulf, Qatar's navy was carrying out its duties "as normal".

Saudi Arabia and allies have imposed a political and economic "blockade" on Qatar, in protest at Doha's alleged support for Islamist extremist groups as well as over its ties to Shiite Iran.

The move has been backed by nations including Bahrain, the United Arab Emirates, Egypt and others.

Qatar strongly denies the charges and claims neighbouring countries are trying to interfere with its foreign policy.

Military ties between the US and Qatar remain strong.

America's largest air base in the Middle East, Al-Udeid, is in Qatar.

And earlier this week the United States agreed a $12-billion sale to Qatar of "state-of-the-art" F-15 fighters.

The deal was signed in Washington on June 14.

The Pentagon said the deal would "increase security cooperation and interoperability between the United States and Qatar".

OIL AND GAS
Demand factors drag crude oil prices lower
Washington (UPI) Jun 15, 2017
Consumer demand concerns emerged to bruise crude oil prices in early Thursday trading despite upbeat sentiments on the world's largest economy. The U.S. Federal Reserve said Wednesday it was raising its target range for the federal funds rate from 1 percent to 1.25 percent, citing steady gains in the labor market. "The committee continues to expect that, with gradual adjustments ... read more

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