Saudi energy minister in Algiers for talks on new date for oil meeting

OPEC members are still in talks on details of the output reduction
Saudi energy minister in Algiers for talks on new date for oil meeting
(Fayez Nureldine/AFP/Getty Images)
By Reuters
Sun 13 Nov 2016 12:02 PM

The Saudi energy minister travelled to Algiers for talks on OPEC policy with his Algerian counterpart Nouredine Bouterfa, and agreed there should be a new date for technical committee talks, an energy source told Reuters on Saturday.

The two ministers also agreed on sticking to a September Algiers deal on an output cut, the Algerian energy source said.

"We have also agreed to set a new date for the meeting of the high committee of experts which was scheduled on November 25. The new date is November 21," said the source, who asked not to be named.

OPEC members are still in talks on details of the output reduction.

In September, OPEC agreed at a meeting in Algeria on modest preliminary oil output cuts in the first such deal since 2008, with special conditions given to Libya, Nigeria and Iran, whose output has been hit by wars and sanctions.

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