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JUST IN: Qatar to quit OPEC

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Qatar is to leave OPEC next month , the Gulf state ’ s new energy minister , Saad al -Kaabi , announced on Monday .“ Qatar has decided to withdraw its membership from OPEC effective January 2019 , ” Kaabi said at a Doha press conference .

He added that OPEC was told of the decision on Monday ahead of the announcement .

Details later .

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