Qatar to Withdraw From OPEC From January, Says Energy Minister

The video discusses Qatar's decision to withdraw from OPEC, marking a significant shift in the oil market. Qatar aims to focus on gas production, being the largest exporter of liquefied natural gas. The context includes recent agreements between Saudi Arabia and Russia to manage the oil market, likely leading to reintroduced cuts. Qatar's withdrawal, effective January 1st, signifies its independence from OPEC's rules and cuts, with details still emerging.

What major decision did Qatar announce regarding OPEC?

• They are increasing oil production.

• They are withdrawing from OPEC.

• They are joining a new energy alliance.

• They are reducing gas exports.

What is Qatar's primary focus after withdrawing from OPEC?

• Joining a new trade agreement

• Focusing on gas production

• Increasing oil production

• Reducing energy exports

Which country is the largest exporter of liquefied natural gas?

• Saudi Arabia

• United States

• Qatar

• Russia

What agreement did Saudi Arabia and Russia reach regarding the oil market?

• To reduce gas production

• To increase oil prices

• To dissolve OPEC

• To extend an agreement to manage the oil market

When will Qatar no longer adhere to OPEC rules?

• End of the year

• January 1st

• Immediately

• Next month