The latest news, which for some time had already been expected regarding the exit from OPEC of Qatar, are an evident signal of a crisis in the oil exporting countries and in the Middle Eastern energy axis.
The President of FederPetroli Italia - Michele Marsiglia will speak “Surely in 2018 we have lived in a climate of uncertainty that has seen the Organization of Petroleum Exporting Countries such as OPEC in a role that is no longer as decisive as it once was on international energy policies. An OPEC that has shown itself to be uncertain in the eyes of international markets ”.
Yesterday the official communication of the abandonment of Qatar by the Organization of Vienna. Marseille continues “This is the signal of an internal crisis in the Organization which had been unofficially present for the longest time and which today is the start of the reckoning. A clear sign that 2019 will lead to fluctuations in crude oil prices that will be difficult to manage in the long-term continuity. Qatar will not be the only one to abandon OPEC, but we will soon see a total reorganization of market shares and world oil policies ”.
On the sidelines of the declarations, the OPEC Summit on Thursday 6 is expected to take place in Vienna.