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Algeria Says OPEC+ Oil Cuts May Be Extended Beyond First Quarter - Bloomberg

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Algeria Says OPEC+ Oil Cuts May Be Extended Beyond March - Bloomberg

Algeria Says OPEC+ Oil Cuts May Be Extended Beyond March

- Statement echoes comments from Russia and Saudi Arabia
- Crude prices have fallen despite extra OPEC+ supply curbs

Algeria said that OPEC+ may extend its latest oil supply curbs beyond the first quarter of next year, echoing comments from group leader Saudi Arabia.

The alliance’s cutbacks “aim to realign the international oil market with its intrinsic fundamentals rather than subjecting it to the irrational fluctuations of speculators,” Minister of Energy and Mines Mohamed Arkab said in a statement on Wednesday.

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Algeria Says OPEC+ Oil Cuts May Be Extended Beyond March

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