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Informal OPEC talks took place in Algeria.
During the meetings, the focus of member countries was to:
“restore stability and order to the oil market”.
Price Stability: the focus of the upcoming OPEC meeting
In their September monthly report, OPEC indicates that many of the cartel’s representatives expect strengthening demand towards the end of 2016. However, this directly contrasts the views expressed by the IEA. IEA anticipates oil demand growth to slow across the same time period.