Embargo’s First Month Leaves Car Makers Worse Off Than Qatar Gas — Panjiva
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Embargo’s First Month Leaves Car Makers Worse Off Than Qatar Gas

Cons. Discr. - Autos 1246 Energy - Conventional 468 Energy - Crude Oil 311 Energy - Natural Gas 164 Energy - Refined Oil 203 Qatar 16 Saudi Arabia 50 Trade Balance 935

Qatari trade dropped 19% in June vs. May, or 11% on a year earlier, after the first month of a diplomatic and transportation embargo by four countries including Saudi Arabia. Imports fell most with a 40% drop. That included both staples and luxury goods, with automotive imports (including $219 million a year from the U.S.) falling 40%. Exports actually increased 5% on a year earlier, with shipments of liquefied natural gas rising 16% on a year earlier. Yet, a 10% drop vs. May suggests the growth may slow. Furthermore, crude oil exports have fallen, with a 22% drop despite a 4% rise in pr...

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