Mubasher: OPEC meeting with non-OPEC suppliers are forecast to suggest more cuts in oil production next Saturday, said Nigeria’s oil minister Emmanuel Ibe Kachikwu.

“We hope to see oil prices leveling at $60 a barrel by December 2017”, said the minister on the sidelines of Bloomberg Markets summit, adding “production is to hit 2.1 million barrels tr day by next January.”

On next Saturday, OPEC members will convene with non-OPEC suppliers to finalize the oil output cut agreement.