Algeria, a member of OPEC+, has indicated that the latest production cuts agreement may be extended beyond the first quarter of 2024. Deputy Prime Minister Alexander Novak mentioned the possibility of OPEC+ considering additional measures to stabilize the oil market if the current cuts are insufficient. This announcement comes after the recent agreement to cut oil supply in an effort to balance the market.
Algeria says OPEC+ may extend its latest oil supply curbs beyond the first quarter of next year https://t.co/tpqp4pltfs
Algeria says OPEC+ may extend its latest oil supply curbs beyond the first quarter of next year https://t.co/c05kd8wn9i
🔴 ALGERIA: OPEC+ MAY CONSIDER EXTRA MEASURES TO STEADY THE OIL MARKET.
🔸 ALGERIA NOTES LATEST OPEC+ CUT MAY BE CONTINUED BEYOND Q1 2024 🔸 ALGERIA: OPEC+ MAY CONSIDER EXTRA MEASURES TO STEADY OIL MKT
🔴 ALGERIA: THE LATEST OPEC+ CUT MAY BE EXTENDED BEYOND 1Q 2024.
OPEC+ could take further measures if last week’s production cuts agreement isn’t enough to balance the oil market, says Deputy Prime Minister Alexander Novak https://t.co/dkDIkVrbjQ