Qatar produces around 3% of Opec’s total. Moot point compared to balancing US and Russia?
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Qatar’s OPEC exit raises the possibility of the oil cartel’s demise, experts say
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Qatar’s decision to leave the Organization of the Petroleum Exporting Countries at the start of the new year isn’t expected to have a big impact on the oil market, but it does reveal cracks in the nearly 60-year old organization that could eventually lead to its demise.