Since June 2017, OPEC kingpin Saudi Arabia — along with three other Arab states — has cut trade and transport ties with Qatar, accusing the country of supporting terrorism and its regional rival Iran. Qatar denies the claims, saying the boycott hampers its national sovereignty.

The Middle East-dominated group’s final meeting of the calendar year is now expected to be Qatar’s last. It has been an official OPEC member since 1961.


“OPEC really doesn’t exist anymore, it is a two-member organization — Russia and Saudi Arabia,” Critchlow said.  [Andy Critchlow is the head of EMEA energy content at S&P Global Platts.  Clarification by The Secular Jurist]

Continue reading:  What Qatar’s quitting OPEC means for the oil cartel

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