Effects of signal in oil producing countries has been one of the factors of international oil price. After September 28th, OPEC production reached a first agreement in 8 years at the Algeria conference, the goal is to limit the output of crude oil in the range of 32 million 500 thousand to 33 million barrels a day.

This news, at the beginning of the October international oil prices have soared, the maximum rose to $51.91 / barrel. But the second half of the October, failed to resolve differences between producers, stalemate down oil prices, crude oil prices fell to the lowest 46.62 dollars / barrel.

In October 28th, OPEC officials including Russia and non OPEC officials opened two days of consultations in Vienna, mainly discusses how to take measures to stabilize the international oil market production. But the meeting failed to reach any agreement, Iraq and Iran to cut the opposition has become an important reason for the differences increase.

Azerbaijan energy minister Aliyev said that in November 25th to 26, the producers leadership will once again hold consultations, but the final result will depend on the attitude of Iran and iraq.