🇶🇦Why is Qatar leaving OPEC? l Inside Story
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- เผยแพร่เมื่อ 23 ก.ย. 2024
- Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world's number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year
The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies.
Oil prices reached a four-year high of more than $80 a barrel a couple of months ago but has now dropped to about $60.
What does this mean for the global energy market?
Presenter: Richelle Carey
Guests
Abdullah Baabood, academic and researcher focusing on the Gulf region and the Middle East.
Cornelia Meyer, economist and energy expert.
Manouchehr Takin, former OPEC official.
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I wish Qatar the best and thank u for finally standing up
I wish Qatar all the success
Qatar is making some great decisions!
A very peaceful country!!
@Omar Albarghouty ... and now the saudis and US drones strikes the civilians in Yemen with missiles on daily bases - even their school children!
Over 800 slaves (foreign workers) have died so far for the Qatar World Cup 2022 stadium construction alone and thousands more workers are trapped over there without pay, living in pitiful conditions....This is not covered by Al Jazeera!
Al Jazeera must be your only source of news if you think that.
Omar Albarghouty
See I don’t have knowledge as much as you might be having about Qatar.
I’m living in Qatar and it feels peaceful.
HECK YA!!! WHAT AN AWESOME WEEK PLANET CITIZENS!!! 👍😁❤️👏 Thank you Qatar, much love back to you-From a NY'er.
i think qatar needs to have independent economic having with great alliance like Turky
@liiban mohamed. Could be noble, yet envisioning the Pinacle being reached in Eastern Africa by the Likes of Ethiopia is more gulfanating.🙋🏿♂️
@liiban mohamed. Could be noble, yet envisioning the Pinacle being reached in Eastern Africa by the Likes of Ethiopia is more gulfanating.🙋🏿♂️
Why? Turkish follow Mohamad and can't be trusted.
they see the end of the saudi and are pulling away before the crumble
This unacceptable embargo on Qatar has actually help the country developed its own resilience. I think they have managed amazingly, congratulations. Probably the most intelligent people in the Gulf.
That woman was wrong, petrochemical companies not necessarily have oil raw material, nowadays the gas become most popular in petrochemical companies
LNG is the long play here.
I really don't know I saw we're someone created a machine that allowed people that throw their food scraps Intuit and in just a few days was able to extract natural cooking gas from it. I also saw at a local landfill how they produce and capture.
So in the long term I see the price of liquid natural gas going down substantially because of peoples ability to source natural gas locally
As a country ,it's important to understand and foresee the inevitable and thus take precautionary steps accordingly, however insignificant as it may seem today. CONGRATS ! QATAR
Qatar slowly 's starting to gain some respect. well my respect atleast.
one question here.... oil has to be traded in dollars in the international market all OPEC countries agree on this what about natural gas?
I love that he's wearing white. Its awful how the evil Saudi has treated them. Good for them. Does Cornelia realize how Saudi has treated Qatar? Family? WTF is she talking about? is she paid by oil companies?
russia is treating Ukraine way way way way WORSE !!!!!
@@lisabertolucci5908 r u from Ukraine
she does not know any thing about middle east , of course she got paid .
Lisa Bertolucci, please present facts and not propaganda or illusive sentiments.
What is the relevance of White? Or was it just a fashion observation?
Qatar has the potential to take their own decision
Love u qatar enjoy your resources god bless u greeting from somalia
To much ads
Impressive qatar
Its a win for Iran on this one.... Qatar's whole LNG production is partially shared with Iran. They are two of the top three LNG producers in the world. Focusing means more money going to the technology of extracting gas means more production output of LNGfor the world. That could drive the price of crude oil down further.
Natural gas will be more lucrative for Qartar.
@@Gutians ... and that´s nice !!!
@@Gutians -B KLEER - SOVIETS ADD IN BLAK SEA PIPLINE [ LNG] SYERIA AWARDED SOVIETS LNG PIPILINES AS REPAYMENT FOR DEFENCE,,,,,,,,NOW DO TH MATH
I love Qatar 🇶🇦🇶🇦 from Somalia
I live in Canada and I live off grid with solar and batteries. I am amazed that there is not far more effort in solar energy production in the Middle East. You have way more sun then I do here, and it pays to go solar here. Your potential is massive!
It looks to me like Qatar could make a very profitable trade with China to get solar energy in exchange for gas and it could be a win win for Qatar and in the not so long run the trade would start paying very large dividends. I mean it would be a very short time before a large media company would have no more energy bills to pay! How much does AJ pay for their energy use over the course of a year?
Nigeria should leave opec too.
Viva Qatar🇶🇦🇶🇦🇶🇦🇶🇦
Bc Saudi Arabia has a leverage over everyone in that region . Even over seas affecting Russia and the USA .
Oglipolies exist in every sphere. It is imperative to focus on higher goals. Sustainable dev is the key.
Did Qatar refuse to give Trumpees a loan or Saudi
Smart, they can compete for more favourable Oil deals with the world instead of the Mofia style OPEC Cartel.
OMG @ 12:10 an old Yokogawa DCS!
What a reliable and easy system to work with.
Regarding the topic, I don’t care actually...Qatar wanted to politicize a thing which’s not political. Iraq and Iran worked together during the war, SA and Kuwait did the same with Iraq in the 90s, SA and Iran continue to work togather in OPEC+.
I’m really surprised that none of the guests mentioned that it’s maybe a gesture to the orange orangutan in the White House that Qataris thought this move will make him happy.
It’s just a futile political stunt.
Why dosen't these arabs understand that it not "the gulf" it's Persian gulf!
I'm Rochelle Kerry, and my first question will be completely pointless, "Are you surprised?" My second question will be, "Are you surprised by this?" My third question ... you guessed it!
Good....! I hope other countries will follow suit...!
I pray for Qatar to achieve more+ success because it is peaceful country every body from abroad also we feed on it by employment opportunities
Maybe it's due to the fact they can't deal with the cult of personality known as Saudi Arabia. Just a thought.
Viva somallia and khadar 🇸🇴🇶🇦❤❤💙💙
Hurrah, market forces wins!
When the qatar left opec that was decision of the country not person can leave opec even league of rabic i agree with qatar will be best country in the region that is vasion was come from great leader of qatar how do you see with qatar to development for the last 50 years.
Respect Qatar
Good job be free and done with anything Saudi & UAE are part of & dominate!
Small oil producers are consulted? That’s really funny. More accurately, they are told to do what is for the interested of the big producers.
Think tank and NGO bureaucrats are in the business of turning simple trade and planning into complex metrics that are only understood by TNCs. They have a vested interest in people not seeing that it is all falling apart at the seams and only know their technical bluff. Faced with so blatant a fallout, that Meyer woman had very few options besides the family analogy. No mention of Turkey and their growing relationship and increased influence. The breaking off of Dimplomatic relations by Gulf States and Egypt all ignored. It's just a family squabble.
Struck deals with countries like india, china, japan, south korea at fixed doable prices and qatar will be big winner. It can replace oil in automobiles in these countries.
Why is Qatar leaving OPEC
And how does Syria play into all this? Qatar supposedly expected to run a pipeline through Syria (which is why Assad had to go). Iran/Russia has the agreement with Syria for a gas pipeline so what is Qatar planning to do? Cozy up to Iran?
Smart decision
Growth by Qatar with or as a non membership of OPEC.
Go Qatar!!!
Go Qatar!
The first guest. Rofl. That Turban. I didn’t even hear what he said. I was too busy laughing at his turban.
OPEC has become somewhat irrelevant. It is a buyer's market. So leave it up to OPEC to cut supply, and lose market share. If that is the Saudi's game plan, then them have it.
So if it's a club of volunteers that means that they joined at their own free will that means that they can leave of their own free will...
on this opec organisation,america is making more money than oil producers themselves,why because of petrodollar
@10:58
GOOD decision , electric cars will be a challenge for OPEC , Saudi is moving closer to Russia maybe looking for agriculture land .
That's so nice step Qatar has take but they have to work closely with China and Russia
if oil is only $60 a barrel - why are we paying £7.50 a gallon (5 litres) in the UK ?????
tax
In Arizona (USA) gasoline prices are the equivalent of £3.54 per gallon. That should tell you something.
Level of reserves. Transpo. Taxes. Cost to refine.
Because we are born free and taxed to death
Sir every country writes a contract based on where they see the price of oil going. ( futures) these prices are fixed by contract up until 2020. Some countries France pay a bit over $7.00 in US dollars. US pays less than Half that. Perhaps they were expecting war. But the price per barrel contacted is ridiculous considering actual price per barrel. You can go on net and look up the negotiated price your counties " fixed", yes the question is WHY? Lots of fraud and graft. But why harm ones own economy?
because it's in just about everything but not oil
very brave of them to make this decision.. i just hope the American n its allies in the gulf will not plot any attack in the country and claim to have presents of terrorist n make it a reason to invade the country by force.
Tha future is gas, great idea?
Great move they see oil long term will decline
If you don't have say better to leave
Main reason is Saudi Arabia
Viva Qatar viva !!!
so .......... investe in solar panels !!!! duh !!!!
Qatar does not have much oil. No OPEC
الجزيرة بالألمانية... حبذا لو
Fossil energy is dying out,
ليس لها وزن ولا قيمه في أوبك. أضف إلى ذلك لا وجه زين في المقعد ولا حضن دافي في المرقد.
Who will they be selling to? What other countries benefit from this?
Certainly not to CRIMINALS IN ISHRAHELL and U.S.A
Japan is one of the largest importers of LNG from Qatar.
why r u doing tht..plz dnt leave
Good decision.
Qatar is showing the world they can stand alone. Without the so-called alies who only see their interest in it . Good move
Qatar: The world respects your decision in this matter. Please don't lie, cheat, steal or murder women and children for the Americans and the Saudis, and you will earn the world's respect and financial confidence.
Qatar is close with Israel.
Not true, Israelite currency is not even allowed here
PROTECT our right to IMPEACH A FORMER PRESIDENT. Just watched “the making of
ALL THE PRESIDENTS MEN” - reminds me - we must have our Fed Reps. LEGISLATE now
THAT “A FORMER PRESIDENT MUST NOT BE PARDONED EVER!!!” CONTACT ALL your
fed. reps. Protect our right to PROSECUTE A LAW BREAKING FORMER PRESIDENT!
I am disappointed, this program is like watching CNN. It's shallow, it's scripted re the scope. No mention of how the big new gas fields relate to the Syrian War. Very skimpy program.
There are no big new gas fields and even if there were they wouldn't relate to the Syrian clusterfuck.
@@zvxcvxcz - And to my point - this program is weak tea, like CNN or other US TV blah blah blah. I need depth, for instance RT.
Richelle Carey very beautiful.
so ...... how is macron doing guy's !!!????
geee i wonder why his augmenting the petrol ???? business anyone ??? lolololhaahahahahahahahahaha !!!
we need to fix Saudi Arabia ...then only renaissance of Muslim world will start.
OPExiT
She does not sound an Arabian or a native speaker
They have studios in London for their financial news. They hire people who are London based to work in that bureau so I guess she applied for a job and got it, simple as that.
Hurting Hurt you make no sense. Does it really matter where she is from originally ? Think dummy.😾
Nasir Cooper she sounds very strange and sounds about her origin and background )))
🤨🤩
haha Al Jazeera promoting their master's agenda but anyway I think is fair
ban Qatar
Is it a crime to withdraw
awwww, Qatar is upset that Papi Saudi is ignoring her.. Lol
Hey maybe they don't want to be near a Saudi Consulate "workers" in OPEC meetings, CHOP CHOP PLOP PLOP
PureHeavenlySultan, haha yeah funny how in the end no amonth of money can hide their actions😊
Anyone has the option to leave, even our regional rival Iran, but that doesn't mean it's in their best interest..
Most comments are from Qatar propaganda machine 😂
Ulugbek Saipov hahah yeah prob
We haven't got one yet, we should probably work on that... cyber-warfare and all that jazz. Pro-Qatar comments are highly unlikely to be from a propaganda machine. Quite frankly, that is an area Saudi has invested in far more heavily. Remember that they had to hack the Qatari media site to try and prop up the reasoning for their bs blockade.