Why Qatar left OPEC
Qatar knows that OPEC is a spent force. Squeezed between shale, potential peak oil demand and much less predictable geopolitics, its only a matter of time when it makes sense for the members to disband. But organisations beyond the prime of their life have a tendency to coast along for a long time. That might be OPEC’s fate – being the zombie of the energy world. Unless …
Qatar’s decision to end its nearly 60-year-old membership in OPEC caught many observers by surprise earlier this week.
