February 27, 2018 / 9:55 AM / 2 years ago

Algerian energy minister says oil producers seek market stability

Algeria's Energy Minister Mustapha Guitouni arrives for a meeting with his Tunisian counterpart Khaled Kaddour in Tunis, Tunisia February 27, 2018. REUTERS/Zoubeir Souissi

TUNIS (Reuters) - Algerian Energy Minister Mustapha Guitouni said on Tuesday that oil producers are seeking market stability and would meet in Riyadh in April to discuss ongoing efforts to curb output to support prices.

“We seek stability. The question is not only about the price but about a balance between producers and consumers,” Guitouni told reporters during a visit to Tunis.

“There will be a meeting in Riyadh in April. We will discuss policy, we need a joint position to know what we can do,” he said.

Reporting by Tarek Amara and Ulf Laessing; editing by Jason Neely

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