What's happening in the world next week

175th (Ordinary) OPEC Meeting to be held in Vienna

The 175th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries will be held on Dec 6, 2018 in Vienna, Austria.

Oil prices have tumbled to their lowest level since last October due to overwhelming fears of oversupply. Investors remained doubtful over potential supply cuts, which will top the agenda of the meeting.

The mission of OPEC is to coordinate and unify petroleum policies in its 15 member countries and ensure the stabilization of oil markets.