Powered by

Qatar Exiting OPEC to Focus on Natural Gas

Dec 04, 2018 - The New York Times

BEIRUT, Lebanon -- The tiny, wealthy Persian Gulf state of Qatar will withdraw from OPEC in January, the country's energy minister said on Monday, hinting that it wanted freedom from an oil cartel dominated by Saudi Arabia, one of its regional rivals.

The minister, Saad Sherida al-Kaabi, said Qatar would focus on its gas industry and dismissed the idea that the withdrawal was connected to politics, but not without taking a jab at Saudi Arabia and its clout in the organization.

Qat...