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ALGIERS: The world crude oil market is currently balanced, Algerian Energy Minister Mustapha Guitouni said on Monday ahead of a meeting of producers in Algiers.
"There is currently a balance between supply and demand," Guitouni said, according to state news agency APS.
A Joint Ministerial Monitoring Committee meeting is due to take place in Algiers on Sept. 23. The committee includes OPEC members Algeria, Saudi Arabia, Kuwait, Venezuela and non-OPEC producers Russia and Oman.
"I think the points of view will be very close and we will come out of this meeting with unified decisions," Guitouni said.
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