UAE Minister Hopes Algiers Meeting to Yield Oil Market Stabilization Deal

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The United Arab Emirates’ energy minister said Tuesday he hoped the Organization of the Petroleum Exporting Countries (OPEC) informal meeting in Algeria would yield an agreement to stabilize the oil market.

Oil Pump Jack - Sputnik International
Consensus Within OPEC Necessary for Oil Exporters to Coordinate Output
ALGIERS (Sputnik) — An informal meeting of OPEC oil producers is scheduled to take place on the sidelines of an energy forum in Algiers this week. It is expected to be attended by the Russian energy minister.

Minister Suhail Mohammed Faraj Mazroui told reporters in Algiers his country was positive about the possible agreement, adding that it would support any collective decision aimed at curbing oil price slumps.

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