Algeria Follows Russia in Saying OPEC+ Could Take Additional Measures

published:07/12/2023 01:32 GMT

OPEC+ member Algeria said on Wednesday it would not rule out extending or deepening oil supply cuts as oil prices fell to a new five-month low even though OPEC+ announced cuts last week. The Algerian statement came as Russian President Vladimir Putin landed in Saudi Arabia on Wednesday for talks with Crown Prince Mohammed bin Salman on oil, Gaza and Ukraine. "Additional measures could be considered if deemed necessary to ensure a sustainable stabilization of the oil market," the statement,...More