Oil minister Al-Falih speaking from the oil producers summit 27 Sept
- optimistic about market fundamentals
- oil supply and demand have converged
- Saudi economy is doing very well
Meanwhile the Iranian oil minister says they are in Algiers only to exchange views, nothing more. May reach formal deal in November.
Oil price in retreat on that Iran comment. Brent down to $46.78 from $47.00
Reuters just adding from their Iranian oil source that Iran wants 12.7% of any new OPEC output ceiling, keen to regain market share
Russian oil min would want to freeze at current output levels.
