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Qatar crisis-II: Blockade beginning to bite
Jun 15: The effects of the diplomatic crisis in the Middle East are still being assessed.
8Now, with the UAE blocking all vessels which have previously called at Qatar from docking at its own ports, freight rates for those vessels calling at Qatar are now expected to rise, while buyers are splitting cargoes on Suezmaxes, rather than VLCCs, in order to load separately at both Qatar and the UAE.
8Qatar currently produces around 619,000 bpd of crude oil
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