Stock market quotes, forex, financial news, forex tools – money-investing.com

Qatar leaves OPEC on 1, January

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
Qatar leaves OPEC on 1, January
December 03
13:00 2018

Next year Qatar will leave OPEC. The Minister of Energy of the Middle Eastern state said that the country was not going to fulfill any obligations when the clock chimed midnight on 1, January. This decision is due to the Qatar intention to closely engage in the extraction of natural gas.

The country ranked eleventh in OPEC in terms of the production. It produces more than 600 thousand barrels per day. This is equal to 2% of the total production of the cartel.

The minister also noted that the withdrawal from OPEC would not affect the functioning of the organization.

We recall that OPEC is an international union that controls the quota for the world production of “black gold”.  At the moment, it consists of 15 states.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment