Can we draw the following hypothesis from the context? 

Context:

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Friday that cuts in global oil production should not be expected and that demand was likely to grow, Interfax news agency reported. Novak will attend a seminar of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Jun.3-4, ahead of the group’s meeting on Jun.5. OPEC is not expected to cut production to shore up oil prices.

Hypothesis: Demand for oil production is likely to grow by at least 10% in the next year.
It's impossible to say