Saudi labor courts issued 130,000 rulings last year, up 21% from 2023    HR Ministry expands 'Professional Verification' service for workers from 160 countries    Interior ministry introduces drone to enhance road security    GASTAT: Average annual inflation rises to 1.7% in 2024    Taliban deputy urges leader to lift education bans on Afghan women and girls    Saudi Awwal Bank honored with 2024 Innovation Excellence Award in the Saudi banking sector    Trump's team outlines suite of executive orders ahead of his first day as president    Prince Sultan University launches groundbreaking AI initiative in collaboration with Intelmatix and global researchers    Israel frees 90 Palestinian women, minors from prison on day two of Gaza ceasefire    TikTok restores service in US after Trump pledge    Melania Trump launches her own cryptocurrency    3 months left for payment of 50% traffic fine reduction    13 erring recruitment offices shut; licenses of 31 others revoked    Sir Anthony Hopkins mesmerizes Riyadh with his first live musical performance 'Life Is A Dream'    Acting legend Dame Joan Plowright dies at 95    Trump appoints Mel Gibson, Sylvester Stallone and Jon Voight as 'special envoys' to Hollywood    Yazeed Al-Rajhi wins Dakar Rally 2025: A historic first for Saudi Arabia    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Al Ittihad secure 4-1 victory over Al Raed to maintain pressure on Al Hilal in RSL title race    Marcos Leonardo shines with hat-trick as Al Hilal thrash Al Fateh 9-0 to equal RSL record    Saudi's first pro boxer Ziyad Almaayouf set for monumental Riyadh return during Riyadh Season    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



OPEC sees extra meeting needed
Published in The Saudi Gazette on 21 - 09 - 2016

OPEC members could decide to hold an extraordinary meeting to discuss oil prices immediately after an informal gathering in Algiers next week, Algerian Energy Minister Noureddine Bouterfa said on Tuesday.
Bouterfa told local radio he was optimistic that participants would reach a consensus on how to stabilize the oil markets at the Algiers meeting of OPEC and non-OPEC producers on Sept. 26-28.
"Oil ministers may decide to hold an extraordinary meeting immediately," he said.
Algeria has been pushing for oil to be stabilized at around $60 a barrel. Bouterfa has travelled to Qatar, Iran and Russia to lobby for action to steady the market.
Oil prices dipped Tuesday with analysts expecting volatility in the run-up to a producers' meeting next week, while traders are also awaiting the release of US stockpiles data.
Around 1130 GMT, Brent North Sea crude for delivery in November was down 48 cents at $45.46 a barrel compared with Monday's close. — Agencies


Clic here to read the story from its source.