Sheikh Hamad bin Jassim bin Jaber Al Thani, Qatar’s former prime minister, has tweeted that OPEC “is only being used for purposes aimed at harming our national interest.” That goes double for the GCC, where two of its six members — Saudi Arabia and the United Arab Emirates — are prime movers in the economic blockade of Qatar. (The blockade has been going on for 18 months and counting, and it stems from Saudi accusations that Qatar is destabilizing the region by cozying up to Iran, charges Doha contests.) [...]
But here’s the twist: Exiting OPEC, a powerful cartel with a real impact on world affairs, will cost Qatar little, being a minor-league oil producer with little influence on the group's decisions; leaving the GCC, an ineffectual grouping that has little impact on regional affairs, could cost it a lot. If Qatar were to pull out, it would reinforce the Saudi-Emirati claim that the ruling family in Doha is undermining the Arab consensus. Staying in the alliance allows Qatar to signal that it is committed to regional cooperation, putting the onus for ending the blockade on the Saudis and Emiratis.
It is always possible that the Saudis and Emiratis will try to beat Qatar to the punch and kick it out of the GCC. But that would require them to convince Kuwait, Oman and Bahrain, the three other members, to go along. While Bahrain tends to follow Saudi Arabia in most matters, Kuwait and Oman have chafed at what they regard as Saudi bullying, and they have remained steadfastly neutral on the blockade. (The Kuwaitis have said they’d like to see efforts to resolve the “long-standing Gulf dispute” at the summit next week.)
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