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OPEC could cut output more in Nov if needed
Shoaib Ur Rehman
06 Oct, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/10/opec1.jpg">ALGIERS: OPEC could cut production at its late-November meeting in Vienna by another 1 percent more than the amount agreed in Algiers last month if producers reckon it is needed, Algerian Energy Minister Nouredine Bouterfa told local Ennahar TV.</P><P class=MsoNormal>He also told Ennahar that OPEC and non-OPEC members would hold an informal meeting in Istanbul on Oct. 8-13 to discuss how to implement the Algiers deal, though he did not give details about who would attend. </P><P class=MsoNormal>OPEC producers agreed in Algiers in September to reduce output by around 700,000 barrels per day to a range of 32.5 million to 33.0 million barrels per day, its first cut since 2008. OPEC estimates its current output at 33.24 million bpd. </P><P class=MsoNormal>)