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The industry is struggling to cut output.
Operators had to cut output to 20percentt.
OPEC, however, does not seem keen to cut output.
In August, they agreed to cut output by 4%.
At that point, energy analysts say the cartel is likely to cut output.
Some Opec members have said they want the group to cut output.
Energy & Environment |Oil Producers Comply With OPEC Deal to Cut Output, but for How Long?
Oil Producers Comply With OPEC Deal to Cut Output, but for How Long?
OPEC's agreement to cut output has so far proved more durable than many predicted.
When OPEC next meets on January 17th, it is expected to cut output.
The cartel decided last month to cut output by 2.2 million barrels, on top of earlier cutbacks.
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