Speaking from the oil producers summit in Algiers 26 Sept

  • production cut is not up for discussion in Algiers
  • believes a production freeze will help support oil markets
  • supports output freeze and hopes that all OPEC members will agree

Oil prices on the rise again with the comments after an earlier dip but they're not soaring. Markets will still want to see the freeze delivered before getting too carried away.

Brent $46.25 WTI $44.78