OPEC reaches consensus to extend oil cuts by three months, says Algeria

Topics OPEC | Opec oil cuts | Algeria


By Rania El Gamal, Ahmad Ghaddar and Olesya Astakhova DUBAI/LONDON/MOSCOW (Reuters) - OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support such a move, Algeria's minister said on Monday.

Algerian Energy Minister Abdelmadjid Attar, holder of OPEC's rotating presidency, was speaking shortly before OPEC ministers began talks to discuss a policy that would help producers cope with weak.

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