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LequteMan
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Algeria's Energy Minister Youcef Yousfi has opened up discussions with fellow Organisation of the Petroleum Exporting Countries (OPEC) members Angola and Nigeria on possible responses to the continued decline in oil prices, Algeria's state news agency APS reports.
Yousfi met his Angolan counterpart, José Maria Botelho de Vasconcelos, and Nigeria’s ambassador to Algeria Haruna Ginsau “to consider the possibilities to consolidate cohesion between the exporting countries so as to find a joint solution to this situation” of lower oil prices, the agency said late Monday, without providing details.
The three countries, which need oil prices to be much higher than current levels to cover their spending, were part of a group that advocated a reduction in production at the last meeting of the OPEC in November.
#Nigeria #Algeria #Angola #Oil #OPEC
Yousfi met his Angolan counterpart, José Maria Botelho de Vasconcelos, and Nigeria’s ambassador to Algeria Haruna Ginsau “to consider the possibilities to consolidate cohesion between the exporting countries so as to find a joint solution to this situation” of lower oil prices, the agency said late Monday, without providing details.
The three countries, which need oil prices to be much higher than current levels to cover their spending, were part of a group that advocated a reduction in production at the last meeting of the OPEC in November.
#Nigeria #Algeria #Angola #Oil #OPEC
