Qatar Exports First Oil To Arab Gulf Neighbor Since Rift Ended

Qatar exported its first oil cargo to a neighboring country in the Arab Gulf since Saudi Arabia and some of its close allies restored diplomatic ties with the tiny nation in January, after three and a half years of economic embargo and strained relations. Qatar, a small oil producer especially compared to Saudi Arabia, shipped some 700,000 barrels of its oil to the United Arab Emirates (UAE) in early March, according to Bloomberg tanker-tracking data. Qatar’s first oil delivery to a neighbor marks the start of recovering trade relations after…