ALGIERS (Sept 20): OPEC members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa said on Tuesday. Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilise the oil markets at the Algiers meeting of OPEC and non-OPEC producers on Sept. 26-28. "Oil ministers may decide to hold an extraordinary meeting immediately," he said. On a visit to Algiers over the weekend, Mohammed Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries, said an extraordinary meeting could happen if the Algeria conference produced a consensus. He has said the Algiers meeting was for consultations and not decision-making.

Source: The Edge Markets September 20, 2016 09:11 UTC