OPEC Secretary-General says may call extra Meeting if Consensus at Algiers

OPEC members may call an extraordinary meeting to discuss oil prices if they reach consensus at an informal gathering in Algiers this month, OPEC Secretary-General Mohammed Barkindo said during a visit to Algeria, the country's state news agency APS reported on Sunday. 

 

Barkindo said he was optimistic about the meeting in Algeria on Sept. 26-28. He has previously said discussions in Algiers will be consultations and no major decisions will be made during talks with OPEC and non-OPEC producers. 

 

"The informal gathering was proposed as a move to having an extraordinary meeting with the aim of taking decisions to stabilise the market," Barkindo said. Algeria's Energy Minister Noureddine Bouterfa last week said there was a consensus among OPEC and non-OPEC members about the need to stabilise the oil market, and has been pushing for a price around $50 to $60 a barrel.

 

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