Qatar’s exit puts question mark on OPEC’s future - The Peninsula Qatar

Qatar’s exit puts question mark on OPEC’s future - The Peninsula Qatar:

As Qatar’s announcement to exit OPEC stirred up a storm in global energy market, Doha-based energy experts and audit firms held urgent internal meetings to take stock of the situation. They debated ‘what does the withdrawal mean to OPEC and global energy market and to Qatar?”, market sources told The Peninsula.

“Our experts are discussing the deeper implications of Qatar’s decision to exit the cartel. But we have decided not to share our thoughts on public domain at this point of time,” a top audit firm’s communications officer said. The Peninsula enquiries revealed that energy-sensitive firms and other audit firms also held similar internal meetings, soon after Qatar announced its decision to end its 57-year long membership with OPEC.

Twitter handles were abuzz with the news break.”It is better if OPEC breaks, free market may stablise oil prices,” read a tweet.