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Qatar leaving OPEC

Qatar has been a member of the OPEC organization since 1961 and it just announced it will be leaving OPEC next month. Simply means lower supply for oil , simply means an increase in oil's price. Also in different news , Canada lowered supply. All these news contribute to much higher oil prices. Crude oil seen in short term at 56-57$ , it is currently trading at 53$ with last week close at 50.50$ .

Natural gas will be the new oil

The crisis in the middle east may be driven by natural gas after all not the financing of terrorist groups. Qatar has been blockaded by saudia arabia , emirates , bahrain and Egypt for financing terrorist groups in the middle east and sponsoring terrorism worldwide. However , qatar has refused a 13 point "demands" list provided by the coalition to restore relationship. There is a hidden force and interests which play major role in this crisis. Qatar and iran so far hold the largest percentage of the global reserve of natural gas . Largest natural gas field in qatar is jointly operated by Iran and both hold 31% of natural gas global reserve. Iran is an ally of russia , russia is an ally of china , so these 4 countries together hold about 51% of the global reserve. Qatar is the second biggest exporter after russia , natural gas is proving itself to be the source of energy for the future. Natural gas is clean and environment friendly and it is more efficient and might be taki...