Crude output in the United States, which is not participating in the cuts, has jumped more than 10 percent since mid-2016 to 9.34 million bpd, close to levels of top producers Saudi Arabia and Russian Federation.
Bahrain, Egypt, Saudi Arabia, the United Arab Emirates and Yemen made no demands of Qatar as their decision plunged the worldwide travel hub into chaos and ignited the biggest diplomatic crisis in the Gulf since the 1991 war against Iraq.
The UAE offered a similar analysis of the diplomatic measures, citing "Qatar's continued support, funding and hosting of terror groups, primarily Islamic Brotherhood, and its sustained endeavors to promote the ideologies of the Islamic State and al-Qaida across its direct and indirect media".
Qatar is home to the sprawling al-Udeid Air Base, which is home to the forward headquarters of the US military's Central Command. Maj. The UAE advised Qataris in the country to leave with 14 days; Saudi Arabia, which shares a land border with Qatar, closed its ports, roads and airports to Qatari traffic. Qatar Airways was banned from Saudi airspace. The Foreign Ministry of Qatar said the action had "no basis in fact" and was "unjustified".More news: Mats Point: Wilander tells it straight on Day Three at Roland Garros
"Qatar has been exposed to an instigation campaign based on allegations that amounted to absolute fabrications, which proves that there are premeditated intentions to cause damage to the State". He expressed confidence that the growing crisis would not affect military efforts against ISIS. Adrian J.T. Rankine-Galloway told The Associated Press that the US military had "no plans to change our posture in Qatar". The country has only around 270,000 citizens, but is the world's biggest producer of liquefied natural gas, sharing a vast underwater field with Iran.
As such, the feud among regional allies threatens to stress the operations of the US-led coalition and complicate efforts in the region to confront Iran - but could also be a heavy blow to Tehran's regional ambitions, if Qatar is forced to sever ties.
"I do not expect that this will have any significant impact, if any impact at all, on the unified fight against terrorism in the region or globally", he told reporters while on a visit to Australia.
On Monday, Saudi Arabia shut down the Qatari broadcaster in its territory and took it off the air.More news: Serena Williams Clears Up Rumors About The Sex Of Her Baby
Tensions had been building for years, beginning with Qatar's support for the Muslim Brotherhood in Egypt and through the broadcasts of the Pan-Arab news network Al-Jazeera, which Qatar funds. "The UAE's approach to foreign policy, where possible, is always seek to work with a nationalist-oriented group, as opposed to Islamist", Roberts says.
The move initially pushed Brent crude prices up as much as 1 percent as geopolitical fears rippled through the market.
But the bottom line, Roberts notes, is "there's been a feeling for decades that Qatar is an individually focused state doing what it wants to do, and hasn't paid enough attention to GCC security issues".
"We are friends, we've been friends now for a long time, haven't we?" They feel they have a certain carte blanche to push their agenda.More news: Agassi 'works for free' with Djokovic