Opec were meeting at the end of November to review the strategy for the member “petronations” amid signs of oil prices firming up. Some analysis sees oil hitting $50 a barrel by the end of the year if the trend continues (it's already there now).
However limits on production have helped keep oil prices out of the complete doldrums and many of the members will be looking to see if they can unshackle themselves from production limits.
Earlier this year Opec and its allies agreed a record cut of 9.7 million barrels a day - or 10 percent of global production.
One spanner in the works is the ever-increasing tensions in the Middle East. 2021 could be a make or break year for the organisation and already there are murmurings of more potential members leaving the Opec+ club after Qatar give up it's membership earlier in the year.
