Browsing Tag

production quota

The Organization of Petroleum Producing Countries (OPEC) meets for two days to discuss issues inherent in the production quota of its members. This Thursday and Friday is the appointment in Vienna; a meeting full of suspicions about new production cuts. The price per barrel rose 4% last day;…
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Qatar announced it will quit OPEC in 2019

Qatar's energy minister, Saad al-Kaabi, announced on Monday that the Middle East country plans to leave the Organization of Petroleum Exporting Countries as of January 1st, 2019. Qatar would be the first member state to leave the…