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Sunday, 18 September 2016

OPEC May Hold Formal Meeting If Members Agree on Oil in Algiers - Bloomberg

OPEC May Hold Formal Meeting If Members Agree on Oil in Algiers - Bloomberg:

"OPEC may convene an extraordinary meeting if the group’s ministers reach a consensus on oil markets at an informal gathering in Algiers later this month, Secretary General Mohammed Barkindo said, according to Algeria’s official news agency.
Barkindo said he is “optimistic” about the informal session in Algiers to be held Sept. 27 on the sidelines of a conference of the International Energy Forum, Algeria Press Service reported Sunday. He made his comments after meeting with Algeria’s Energy Minister Nourredine Boutarfa, it said.
The Sept. 27 gathering will be a “meeting of consultation and not of decision-making,” unlike OPEC’s meeting in Oran, Algeria, in 2008, when it agreed to cut production, Barkindo said the previous day, APS reported on Saturday."



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