According to foreign news on October 10, Fitch Ratings said on Monday that the actual oil production of the Organization of Petroleum Exporting Countries (OPEC) and its allies, namely OPEC, will fall below the production reduction quota.

Fitch said the declining economic outlook would lead to a decline in oil demand.

The company expects that OPEC will achieve a broad balance in the oil market by changing production quotas and available crude oil supply.