"It is likely everybody will be on board by the end of the day," Waya said, as quoted by the Wall Street Journal newspaper.
In September, the OPEC club of the world’s major oil producers reached a preliminary agreement to set the oil output ceiling at 32.5-33 million barrels a day for the cartel. The OPEC countries have yet to finalize the deal on the November 30 meeting in Vienna.
Oil market turbulence caused oil prices to plunge from $115 per barrel in June 2014 to less than $30 per barrel in January 2016, causing hardship for oil exporters and placing a number of global oil producers at risk of bankruptcy. Prices have partially and are currently at around $45-50 per barrel.
On November 21, Russian President Vladimir Putin said Russia was ready to freeze oil output at the current level without hurting its economy and added that he could not say for sure if the OPEC cartel of oil producers would finalize the deal on curbing oil output, but the outlooks were positive.
