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The situation in Libya contributed to the deterioration of oil prices, says Algeria’s Energy Minister

The Address | Benghazi – Libya

Algerian Energy Minister Mustapha Guitouni stressed that the situation in Libya and other countries is one of the factors contributing to the deterioration of oil prices.

During his visit to the western province of the Algerian capital, Guitouni said he would meet OPEC in April to review the organization’s policy if oil prices deteriorate, pointing to his country’s commitment to the OPEC members’ agreement last December to reduce production to ensure a balance between supply and demand and stability of the world’s oil reserves.

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