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Qatar Will Pull Out Of OPEC, As Rift With Saudi Arabia Deepens

Qatar made the announcement early Monday — the same day it informed OPEC it is withdrawing from the group. The country says it wants to focus on producing natural gas.
Qatar will officially exit OPEC on Jan. 1, the country's energy minister, Saad al-Kaabi, said at a news conference in Doha on Monday. Source: Eric Knecht

Updated at 10:54 a.m. ET

Qatar plans to leave OPEC in January, shaking up the alliance of oil-producing nations and furthering its dispute with Saudi Arabia. Qatar made the announcement on Monday — the same day it informed OPEC.

Qatar's Energy Minister Saad al-Kaabi said the small Persian Gulf country will leave OPEC because it wants to focus on

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