The small, gas-rich state of Qatar said Monday that it will leave the oil cartel on January 1 after nearly 60 years of membership. The country's state oil company, Qatar Petroleum, made the announcement in a series of tweets.
"The withdrawal decision reflects Qatar's desire to focus its efforts on plans to develop and increase its natural gas production," Saad Sherida Al-Kaabi, the country's minister of state for energy affairs, was cited as saying in one of the tweets.
Qatar is the world's leading exporter of liquified natural gas, accounting for about 30% of global demand.
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More: https://daybreak.ng/qatar-is-pulling-out-of-opec-after-nearly-60-years-of-membership/

Expect oil prices to crash