September 17, 2018 / 10:51 AM / 3 months ago

Russia says OPEC, non-OPEC to discuss output scenarios in Algeria

Russian Energy Minister Alexander Novak addresses the media after the talks with U.S. Energy Secretary Rick Perry in Moscow, Russia September 13, 2018. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Monday that all possible scenarios for oil output could be discussed at a meeting of OPEC and non-OPEC states in Algeria this month.

Asked whether a deal between OPEC and other producers, a group known as OPEC+, could discuss increasing output from levels agreed in June, Novak said: “I think we have the possibility to discuss any possible scenarios.”

Novak said OPEC+ would also discuss supply and demand forecasts for the fourth quarter. He added that Russia was also ready to discuss cooperation with the United States to balance the oil market, but that such discussions were not being held.

Reporting by Maria Tsvetkova; Writing by Tom Balmforth; Editing by Katya Golubkova and Edmund Blair

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