QATAR WILL LEAVE OPEC – HERE’S WHAT THIS MEANS
Payne Institute Fellow Jeff D. Cogan reports on Is OPEC dead or alive? Oil markets watched closely this week as the Organization of the Petroleum Exporting Countries worked with Russia to try to cut back production, which suggests the group still has some vitality. But earlier in the week, longtime member Qatar decided to quit OPEC. It’s the surprise move by Qatar that is a better indicator of the group’s situation. Here’s what these developments mean for OPEC — and the rest of the world. December 6, 2018.