Saudi Arabia persuaded his partners OPEC to reduce oil production under any circumstances.

The oil Minister of the Kingdom of Ali al-Naimi said in an interview with the weekly newsletter Middle East Economic Survey, according to the Censor.NET referring to RBC.

According to the Minister, even the OPEC Secretary General Abdullah al-Badri now convinced that reduce the production is not in the interests of the members of the cartel, "whatever the price". "It doesn't matter if it'll go down it to$20, $40, $50, $60", - said al-Naimi.

Saudi Minister also noted that oil prices will probably not go back to $100 per barrel.

on 27 November, at the OPEC summit in Vienna, the cartel decided to keep oil production at the current level of 30 million barrels/day.

Oil prices began their decline in June. Then Brent was worth $115 / barrel and in early December the price fell below $60.

Source: http://censor.net.ua/