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OPEC: Algeria's next meeting to discuss developments in supply and demand in the oil markets
The Organization of the Petroleum Exporting Countries (OPEC) confirmed that the tenth meeting of the Joint Ministerial Control Committee for OPEC countries and beyond, which will be held in Algeria on September 23, comes at an important time in the light of profound changes in the market, which led to the adjustment of the producers' course of production reduction to increase it Since last June, in order to dispel fears over the supply of oil in the light of the decline in the production of a large number of major countries.
A recent OPEC report said that "the meeting of the Committee in Algeria will also include the celebration of the second anniversary of the Algiers meeting," which is the extraordinary meeting of the 170th OPEC Conference, "held on September 28, 2016, stressing that this meeting was a milestone On the path of the historic "declaration of cooperation" between OPEC and the independents, which was crystallized in the declaration of cooperation in Vienna on 10 December 2016.
A recent OPEC report said that "the meeting of the Committee in Algeria will also include the celebration of the second anniversary of the Algiers meeting," which is the extraordinary meeting of the 170th OPEC Conference, "held on September 28, 2016, stressing that this meeting was a milestone On the path of the historic "declaration of cooperation" between OPEC and the independents, which was crystallized in the declaration of cooperation in Vienna on 10 December 2016.
During its next ministerial meeting in Algiers, OPEC will launch its annual report, known as WOO, on the world oil outlook for 2018 at a press conference in Algiers.
OPEC said that the annual report will be presented by Algerian Energy Minister Mustapha Gheitoni and OPEC Secretary-General Mohamed Barkindo, who will present a detailed presentation of the annual report with all its implications for the global oil market.
"The annual report will provide an in-depth review and analysis of the global oil industry with a comprehensive assessment of supply and demand trends in the medium and long term," the report said.
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