The U.S. government is to check if sanctions where violated when Russia this week struck a deal to sell a stake in oil producer Rosneft to a consortium of Qatar's sovereign fund and commodities trader Glencore, the White House said.

Glencore and the sovereign wealth fund of Qatar are to take a 19.5 per cent stake in Russian oil company Rosneft in a surprise €10.5bn deal

Qatar Petroleum (QP) announced on Monday a joint venture with ExxonMobil called Ocean LNG, tasked with marketing LNG sourced outside the GCC country.

The cost of importing LNG has dropped sharply this year after New Delhi signed a revised long term contract with Doha. Qatar is the largest supplier of LNG to India. Given the backdrop of low global LNG prices, Petronet LNG insisted on renegotiating its long term contract with RasGas.

Fitch Ratings has announced it affirmed Qatar's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'AA'. The issue ratings on Qatar's senior unsecured foreign-currency bonds are also affirmed at 'AA'; the Country Ceiling at 'AA+', and the Short-Term Foreign- and Local-Currency IDRs at 'F1+'.

India will save about Rs 20,000 crore ($3bn) as it has renegotiated a long-term LNG import deal with Qatar, Prime Minister Narendra Modi said on Monday.

The amount of LNG volume delivered to South Asia (India, Pakistan) from Qatar during the first half of the year climbed almost 50% year on year, taking advantage of weaker demand from East Asia (Singapore, Malaysia, Taiwan, Thailand, Japan, South Korea, China) and higher Qatari output.

Катарская сторона выразила свою заинтересованность на этом направлении, и мы ожидаем от них предложений по участию в упомянутых проектах, учитывая тот факт, что общий объем инвестиций со стороны эмирата достиг $9 млрд»

Modi also met Qatari businessmen and encouraged them to invest more in India, calling it "a land of opportunity." The Qatar Investment Authority has several large-scale investments in India, including a more than $1 billion stake in telecommunications company Bharati Airtel. Qatar Airways has expressed interest in expanding its routes to India and in buying a stake in budget airline IndiGo.

“We’ve worked out a common position,” Novak said, commenting on the deal. “We discussed various options, including doing nothing and cutting production.” An oil price at $50 a barrel is acceptable for exporters and consumers over the long term, he said. Brent crude, a global benchmark, traded at about $33 on Friday after dropping 45 percent over the past year.