This was announced by Kuwaiti Oil Minister Ali Saleh Al-Omair, Censor.NET reports citing RIA Novosti.
"No change," he said, answering the question on the decision.
The current OPEC quota for production is 30 million barrels a day. In the past five months the oil price fell by nearly $40 per barrel. Against this background, the meeting of OPEC, responsible for more than one-third of world production, could be one of the turning points, which would determine the development of the world oil market in the short term.
The trading data shows that the price of Brent crude oil decreased by more than 3% after the announcement of the OPEC's decision to maintain current production quotas.
Cost of January futures for North Sea Brent crude oil mix as of 5:54 p.m. MSK fell by 3.52% - to $75.10 per barrel.
OPEC unites eight countries of the Middle East and North Africa, Nigeria, Angola, Venezuela, and Ecuador - a total of 12 members.