Qatar to leave OPEC

Baku. 3 December. REPORT.AZ/ Qatar announced plans to pull out of OPEC on Monday, just days before a crucial meeting between the influential oil cartel and its allies, Report informs citing CNBC.

Speaking at a news conference, Qatar's Energy Minister Saad al-Kaabi said the country would withdraw from OPEC on January 1, 2019, ending a membership which has stood for more than half-a-century.

Qatar’s daily oil output is 600,000 barrels.