Qatar is leaving the Organisation 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 (LNG) 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 have now dropped to about $60.

What does this mean for the global energy market?

Presenter: Richelle Carey


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

Source: Al Jazeera News