Opec meeting only informal

OPEC Secretary-General Mohammed Barkindo said the meeting of Opec members and non-Opec producers in Algiers this month would be an informal meeting for consultations and not for decision making, Algerian state news agency APS said on Satuday. Algeria’s energy minister has said there is a consensus among Opec and non-Opec producers about the need to stabilise the oil market to support prices. “It will be an informal meeting, it is not a meeting for making decisions,” Barkindo said during a visit to Algiers, according to APS agency, referring to an energy conference between September 26 and 28. “We met in June, it is September now and a lot of things happened between the two dates,” he said. – Reuters

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