On November 28, a meeting of OPEC ministers was held in Vienna and a conference was scheduled for November 30, at which the question of the prolongation of agreements on the reduction of oil production is being decided.
Minister said that several extension scenarios will be discussed, including prolongation by the end of 2018. He noted, “that no one can predict the outcome of the OPEC meeting.” Mazrui became the first minister to express an optimistic attitude towards the meeting.
Before the OPEC conference, the ministers will review the results of the deal for October and 10 months, as well as scenarios for the development of the oil market, prepared by the technical committee, whose meeting was held on November 27. So, the results of conference will become known soon.