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Oil prices jump after Saudi Arabia and Arab allies cut ties with Qatar

Petronet says no impact on Qatar LNG

Oil, Market, US, Brent Crude, WTi
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A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland, Britain

Reuters
  Saudi Arabia and key allies on Monday cut ties with Qatar, accusing it of supporting extremism, sending shockwaves through the energy industry as the countries involved include the world's top oil and liquefied natural gas (LNG) exporters.

Saudi Arabia, the world's biggest crude oil exporter, along with the United Arab Emirates, Egypt, and Bahrain said they would sever all ties including transport links with Qatar, the top LNG exporter in the world. The three Gulf countries said they will give Qatari visitors and residents two weeks to leave.

"(Qatar) embraces multiple terrorist and sectarian groups aimed at disturbing stability in the region,