optimism about the chances of a deal seems to grow. Last week, said ministers from Saudi Arabia and Algeria also that they expect that the members of OPEC are going to make it to the end of november, reaching a final agreement.
Recently, after long negotiations, a provisional agreement on curtailment of production by OPEC members. In this way the excess of oil to be reduced, so that the pressure on the oil price decreases. The overproduction put the prices in recent years well under pressure.
About the precise distribution is not negotiated. The OPEC countries hope the agreement at the end of november final to enforce. The fourteen countries are good for around 40 percent of global oil production.
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