Gulf-Qatar rift: What it means for India and the global oil market

Indian market is one where all oil producers would want to be involved, and especially Saudi Arabia

To get a sense of some of the developments about Qatar look at this piece of statistic plus a bit of news. According to the US Energy Information Administration, production of shale oil in USA is expected to reach 5.4 million barrels a day in June, its highest level in more than a year. The recovery outpaces estimates for every most month since August last year. The piece of news is the fast expanding relationship of Qatar with India.

Shale has put American capital and labour to work, a huge domestic political dividend, after price of crude oil from Opec