The OPEC meeting on June 22nd could become a major showdown of internal conflicts. The media has been focusing on the possible split between the Arab producers and Iran, and the growing tendency of Russian companies to lower production cut compliance. However, the simmering inter-Arab conflict around Qatar could become a major issue that could blow up OPEC’s deal. The last days, French newspaper Le Monde reported that Saudi Arabia has threatened to launch military action against Qatar, if Doha will continue to purchase the Russia’s S-400 anti-aircraft missile system. The French paper stated that Saudi King Salman has even sent a letter to French president Emmanuel Macron warning that military action could be taken if Qatar purchases the S-400. King Salman reportedly has asked France to intervene. The Saudi warning comes as surprise, as Saudi Arabia and its main allies the UAE, Egypt and Bahrain, have always refused […]