The meeting includes oil producers within the Organization of Petroleum Exporting Countries "OPEC" and beyond

A meeting between oil producers from within the "OPEC" on and off in Istanbul

10/06/2016
Roudao - Erbil
Said Algerian Energy Minister, Noureddine Bouterfa, on Wednesday evening, a meeting between oil producers within the Organization of Petroleum Exporting Countries "OPEC", and outside, between the eighth and the tenth of this month in Istanbul , Turkey to discuss the situation of the market.
Bouterfa said to the media: "We will hold an informal meeting in Istanbul between the Turkish Countries (OPEC) and other oil producers in the International Energy Week, which is held in conjunction (rapporteur between 8 and October 13 / October) of this."
According to the Algerian minister, the "Autism Countries (OPEC) after the Algiers meeting will facilitate negotiations on the rebalancing of the oil market, and it also will examine the market situation at the Vienna meeting of the official end of November / November next."
And it announced that "OPEC" last week that its members reached an agreement to install a production ceiling at 32.5 - 33 million barrels per day during the Algerian meeting, "informal", which turned into an informal meeting exceptional, and its decisions are binding and described as "historic".
And crude oil prices hovering at the moment within the scope of 50 - $ 51 per barrel, for reasons related to the reports of falling US oil inventories, while in mid-2014 stood at its highest level ever at $ 120.

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