OPEC

Oil falls to $53

Oil fell towards $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand, Trend reports referring to Reuters.
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Will OPEC collapse?

Oil and gas for now have a share of over 60 percent of the global consumption basket, and it's hard to imagine that a serious blow will be inflicted on this share, and that the world’s largest producer (OPEC) will collapse, analyst for energy issues Mehdi Hossein said in an interview with ISNA, Trend reports.
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Kazakhstan to reduce oil production

The press service of the Ministry of Energy of Kazakhstan reminds that on December 7 a meeting of the Organization of Petroleum Exporting Countries (OPEC +) took place, following which a decision was made to limit the level of production of OPEC + countries for 6 months from January 2019.
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