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Doha Informal Participants Affirm Commitment to 32.5 Mln Bpd Output Deal

© Flickr / . ShellLifting material at Pearl GTL, Qatar
Lifting material at Pearl GTL, Qatar - Sputnik International
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The participants of the Doha meeting reaffirmed their commitment to the Algiers agreement to cut production at 32.5 million barrels, according to Algerian Energy Minister Nouredine Boutarfa.

DOHA (Sputnik) — Participants of an informal meeting among oil producing countries in Qatar have affirmed their commitment to limit output at 32.5 million barrels per day, Algerian Energy Minister Nouredine Boutarfa said Friday.

"The participants of the Doha meeting reaffirmed their commitment to the Algiers agreement to cut production at 32.5 million barrels," Boutarfa told reporters.

The OPEC flag and the OPEC logo are seen before a news conference in Vienna, Austria, October 24, 2016 - Sputnik International
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OPEC Likely to Agree Oil Market Stabilization Plan by Nov. 30 - Energy Minister
OPEC members reached a preliminary deal in Algeria in September to cap oil production at 32.5-33 million barrels per day. The deal is expected to be finalized in Vienna on November 30.

The ministers of the oil producing countries met informally on the sidelines of the Gas Exporting Countries Forum (GECF) in Doha earlier in the day.

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