NPR: Qatar Will Pull Out Of OPEC, As Rift With Saudi Arabia Deepens
Qatar’s Energy Minister Saad al-Kaabi said the small Persian Gulf country will leave OPEC because it wants to focus on natural gas — a sector in which Qatar is a world leader.
In response to this announcement, the price of oil jumped in early trading on Monday. OPEC is also expected to cut down oil production in the near future.
