A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. The head of energy giant Qatar Petroleum has shrugged off fears that any potential protectionist policies pursued by US President Donald Trump would impact on global oil and gas markets. Saad Al-Kaabi -- who heads state-owned QP, the largest exporter of Liquid Natural Gas and one of the biggest oil companies in the world -- said he expected US policy to remain similar to that exercised under previous presidents. / AFP / KARIM JAAFAR (Photo credit should read KARIM JAAFAR/AFP/Getty Images)
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Qatar to withdraw from OPEC
The small, gas-rich state of Qatar announced in a series of tweets that it will leave the oil cartel on January 1 after nearly 60 years of membership.
1:00 • Source: CNN
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A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on February 6, 2017. The head of energy giant Qatar Petroleum has shrugged off fears that any potential protectionist policies pursued by US President Donald Trump would impact on global oil and gas markets. Saad Al-Kaabi -- who heads state-owned QP, the largest exporter of Liquid Natural Gas and one of the biggest oil companies in the world -- said he expected US policy to remain similar to that exercised under previous presidents. / AFP / KARIM JAAFAR (Photo credit should read KARIM JAAFAR/AFP/Getty Images)
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