If OPEC states do not come to an agreement over freezing or reducing oil production in the coming months, a barrel of oil will cost less than $40. Moreover, the analysts of Goldman Sachs Group believe that the possibility of concluding a deal becomes less realistic, reports the Newsru. “The lack of progress on implementing production quotas and the growing discord between OPEC producers suggests a declining probability of reaching a deal on November 30,” said the analyst Damien Courvalin.  In his viewpoint, the recorded 2 percent of decline in oil prices in 2 weeks may drop below $ 40 per barrel, since the controversy within the OPEC continues. The analyst believes that the likelihood of coming to an agreement over freezing decreases. 

Eventually, it becomes clear that Saudi Arabia and its allies Kuwait, and the UAE will not take unilateral steps to stabilize the market without Iran and Iraq, which have already announced, that they will not participate in the agreement.