December 3, 2018 - 4:17 PM EST
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Qatar Leaves OPEC: Bad Timing for OPEC But Will It Miss the State?

Qatar Leaves OPEC

After a 59-year membership, Qatar will be leaving OPEC. The announcement came this morning.

The small natural-gas rich state will officially leave the organization on January 1st, 2019.

Qatar Leaves OPEC

According to the country’s newly appointed minister of state for energy affairs, Saad Sherida Al-Kaabi, “the withdrawal decision reflects Qatar’s desire to focus its efforts on plans to develop and increase its natural gas production.“

But some question the validity of this reasoning. Qatar has been under a diplomatic and economic trade ban by its neighbors including OPEC members Saudi Arabia ...

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Source: StreetSignals (December 3, 2018 - 4:17 PM EST)

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