Qatar Unexpectedly Quits OPEC After Nearly 60 Years

(MEMO) — Qatar has announced that is withdrawing from OPEC in January, ending a near-six decade long membership of the oil price cartel. The emirates’ oil minister, Saad Sherida Al-Kaabi, told reporters today that Doha had made the decision in order to focus on its gas industry and dismissed speculations that the withdrawal was connected to politics. […]