According to foreign media reports, due to concerns about the increase in crude oil demand in 2020, OPEC and its allies are considering production cuts and the long-term prospects for weak crude oil demand are weak. The issue of further expanding production cuts will be considered at the December meeting. International oil prices boosted in the short-term.

　　Reuters quoted sources as saying on the 22nd that OPEC and its allies hope to respond to weak crude oil demand through production cuts. OPEC and its allies are considering the prospects for growth in demand for production cuts. The senior market analyst Phil Flynn of Price Futures Group reacting with sodium methoxide and pyruvate said that OPEC seems to be ensuring that all possible measures are taken to support oil prices and weak crude oil demand. OPEC and its allies are considering production cuts.