Gas-focused Qatar to exit OPEC in swipe at Saudi influence
Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show Continue Reading
Iran says OPEC members who increased output should take lead on cuts
Qatar’s decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel, a top Iranian official said, adding that any supply Continue Reading
Oman: Qatar’s Withdrawal From OPEC May Lead To Retaliation
Qatar’s withdrawal from OPEC is a surprise for Oman’s oil minister Mohammed bin Hamad Al Rumhi, who said in an interview with S&P Global Platts on Monday that Qatar might Continue Reading
Qatar’s Irrational Decision To Leave OPEC
OPEC’s future is once again up in the air after the decision by Qatar to leave the oil cartel on January 1 2019. Saad Al Kaabi, Qatar’s minister of energy, Continue Reading
Iran’s Rouhani threatens to block Hormuz Strait if US tightens oil sanctions
Iranian President Hassan Rouhani on Tuesday threatened to block all oil shipments through the Strait of Hormuz if the US tightens sanctions that squeeze Iran’s exports down to zero. “The Continue Reading
Putin Looks To Capitalize On Waning U.S.-Saudi Relations
One truth eternally rears its head in global oil markets: When the current price for oil no longer clears the market, it will drop. The inverse is also true: When Continue Reading
Qatar to withdraw from OPEC and focus on gas exports
Qatar said on Monday it was quitting OPEC from January 2019 but would attend the oil exporter group’s meeting this week, saying the decision meant Doha could focus on cementing Continue Reading
Qatar Says It Will Withdraw From OPEC
Qatar Energy Minister Saad al-Kaabi said the country would withdraw from the organization by January 2019 at a press conference Monday, state-run company Qatar Petroleum said on its Twitter account Continue Reading
Qatar pulls out of Opec as relations with neighbours sour
Qatar plans to quit Opec next year as relations with its Arab neighbors sour, ending a near-six decade long membership of the oil price cartel. The emirate’s oil minister told Continue Reading
The next move on the oil price depends on Iran
The outcome of this week’s Opec meeting in Vienna is uncertain. The sharp fall in prices to below $60 a barrel for Brent crude and around $50 for West Texas Intermediate Continue Reading