OPEC chief says Algiers meeting not for decision making: Algeria state media – Business Insider

The OPEC logo is pictured at its headquarters in Vienna Thomson Reuters

ALGIERS (Reuters) – OPEC Secretary-General Mohammed Barkindo said the meeting of OPEC members and non-OPEC producers in Algiers this month would be an informal meeting for consultations and not for decision making, Algerian state news agency APS said on Saturday.

OPEC and non-OPEC oil producers will meet at an energy conference Sept. 26-28 in Algiers, where Algeria’s energy minister has said there is a consensus about the need to stabilize the oil market to support prices.

“It will be an informal meeting, it is not a meeting for making decisions,” Barkindo said during a visit to Algiers, according to APS agency. “We met in June, it is September now and a lot of things happened between the two dates.”

(Reporting by Lamine Chikhi; Writing by Patrick Markey; Editing by Louise Ireland)

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