Middle east oil geopolitics, page-105

Looks like the oil deal is widening.

Algerian minister confirms they are also in talks. Wonder if he hasn't enjoyed a vodka or two up at Sochi (the new head office of OPEC). If your not buying oil stocks for the coming bounce and subsequent rise to $50-60 barrel oil you've got rocks in your head in my honest opinion. Eshmun

From Africanews 16 hours ago.

http://www.africanews.com/2016/02/15/algeria-to-seek-consensus-on-oil-price/

Algeria is in talks with oil producers within and outside Organization of Petroleum Exporting Countries (OPEC), to reach an agreement that would stabilize the oil market and raise prices, the Algerian Minister of Energy, Salah Khebri said on Sunday.
“Contacts are underway to stabilize the market, marked by oversupply facing weak demand and the absence of an economic recovery,” said Mr. Khebri, who was quoted by the Algerian APS news agency.
These discussions aim to “build consensus among producing countries to cut production,” added the minister , whose country is a member of OPEC.
“The fact that OPEC has not taken a decision to reduce production in November 2014 means that the price has continued to fall,” he said.
According to the Algerian minister, the talks “are not restricted to OPEC members only but will also include other major oil producing countries that are not members of the cartel, such as Russia.”