Instead, when Saudi crown Prince Mohammed bin Salman went to the back-foot over the killing of journalist Jamal Khashoggi, Riyadh appeared to soften its stance on Qatar.
Unverified reports had said that Saudi Arabia had in fact planned an invasion of the emirate a year ago, and was stopped at the last minute by the persistent efforts of former US Secretary of State Rex Tillerson. According to the reports, Kuwait has worked hard to guarantee the participation of Qatar in the summit, noting "its efforts have succeeded".
Analysts are expecting OPEC to announce a supply cut of 1-1.4 million barrels per day (bpd) on December 6.
The decision was announced by Saad Sherida al-Kaabi, Qatar's minister of state for energy affairs.
"Exiting OPEC will not affect the organization", Al-Kaabi said, adding he sees the price of oil between $70 and $80 a barrel.
After a 30% drop since October, crude prices had a respite with 5% surge Monday following positive news that Russian Federation and Saudi Arabia had agreed to cut production and that the U.S. and China had reached a 90-day trade-war truce.
The Cantor Fitzgerald Europe representative revealed that her company doesn't think Qatar's decision to leave "makes much of a difference to the ability of OPEC to influence global supply and ergo prices".
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The group that initiated the blockade, which also includes Egypt, the UAE, and Bahrain, accused Qatar of supporting terrorist groups and being too close to Iran.
Qatar has pulled out of Opec, the group of 15 of the world's leading oil producers, to focus on enlarging its gas industry.
The nation joined the organisation in 1961.
Organization of the Petroleum Exporting Countries (OPEC) is made up of 57 oil-rich countries who control a vast majority of the world's supply.
Qatar produces only 600,000 barrels per day (bpd), compared with the 11 million bpd produced by Saudi Arabia, the group's biggest exporter.
There was no immediate comment from Vienna-based Organization of Petroleum Exporting Countries, which is to meet this month and discuss possible production cuts.
"Oil prices surged about 5% on Monday after the United States and China agreed to a 90-day truce in their trade war, but Brent crude is still trading at around $62 a barrel, well below October's peak of more than $86". It traded at just over $61 a barrel Monday.