The first Gulf Country to withdraw itself from OPEC (The Organization of the Petroleum Exporting Countries) in January 2019?
Correct answer: C. Qatar
- A. Oman
- B. UAE
- C. Qatar
- D. Saudi Arabia
Explanation
Qatar announced its withdrawal from OPEC in December 2018, effective January 2019, becoming the first Gulf state to leave the organisation. It said the decision was linked to its focus on expanding natural-gas production.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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