Monday, 17 December, 2018

Qatar to quit OPEC in 2019

Saudi Crown Prince Mohammed bin Salman Saudi Crown Prince Mohammed bin Salman
Rhonda Young | 03 December, 2018, 10:40

Qatar announces it was withdrawing from the Organization of Petroleum Exporting Countries "OPEC" effective 1 January 2019.

Qatar is to leave the Organization of the Petroleum Exporting Countries next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday.

He added, "Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and overseas".

Indians trade All-Star Gomes to Nationals | AP sports
His 32.8 percent caught-stealing rate across the last two seasons ranked seventh in Major League Baseball. Washington did reach an agreement on a two-year deal with catcher Kurt Suzuki earlier this month.

Qatar is the world's biggest supplier of liquefied natural gas (LNG), producing nearly 30 percent of the world's natural gas.

"In light of such efforts and plans, and in our pursuit to strengthen Qatar's position as a reliable and trustworthy energy supplier across the globe, we had to take steps to review Qatar's role and contributions on the worldwide energy scene", al-Kaabi said in a statement.

The announcement came ahead of December 6 meeting of OPEC.

Autonomy co-founder to face United States criminal charges
Lynch sold Autonomy , the big data company he founded back in 1996, to computer giant HP for around $11BN some seven years ago. Irish-born Mike Lynch is accused of making false statements that inflated the value of the software group.

He said the decision was not linked to a political and economic boycott of Qatar imposed since June 2017 by Opec's de facto leader Saudi Arabia and three other Arab states.

Qatar has spend the last year-and-a-half battling attempts by Saudi Arabia and the United Arab Emirates (both of them are members of the Opec) to isolate it in the Middle East.

The oil prices in October, reached a four-year high of $86, but since then the price has dropped to about $60 per barrel. While there was no announcement on how much would be cut and for how long, the pact between the world's two biggest crude exporters was cheered by oil traders, with Brent jumping $2.42 to $53.35 and West Texas Intermediate up $2.60 at $62.06 on Monday.

Wilder Open To Possible Rematch vs. Fury
The fight would last the full twelve rounds, with the judges eventually scoring it a draw:: 115-111 Wilder, 114-110 Fury, 113-113. I went to Germany to fight Klitschko, I came to America to fight Deontay Wilder. "Let's give the fans what they want to see.

It also shares the world's largest natural gas field, the North Field, with Iran.

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