Qatar announces OPEC exit days before pivotal oil cuts meeting

Qatar said it will leave OPEC next month in a move that threatens to fracture the group's unity just as it tries to maintain a global coalition to control the oil market.

By Bloomberg News, Walid Ahmed, Dan Murtaugh and Javier Blas

Qatar, a member since 1961, is leaving to focus on its natural gas production and has informed the Organization of Petroleum Exporting Countries of its decision, Energy Minister Saad Sherida Al-Kaabi told a news conference in Doha on Monday. A spokesman for the group declined to comment.

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