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Russia discusses crude oil market with global producers in Algiers

Xinhua, September 28, 2016 Adjust font size:

Russia on Tuesday said it is conducting discussions with other Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members to redress crude oil market.

Russia is participating in the International Energy Forum being held in Algiers and due to attend the informal meeting of OPEC due in the same city on Wednesday to discuss ways of restoring the volatile oil market.

"We are in discussions with other oil producers in a bid to restore balance to the global market," Russian Energy Minister Alexander Novak told reporters on the sidelines of IEF 15.

"The discussions have been very positive, and engaged without a specific agenda," he said. Endit