Algeria currently holds OPEC's rotating presidency, urged convening a panel to consider assesses market conditions and falling prices.

Bloomberg cite an unnamed official as saying the request did not get enough backing to go ahead.

  • Key player Saudi Arabia said to be opposed.

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Algeria asked OPEC's secretariat to convene a teleconference meeting of the Economic Commission Board.

Algeria currently holds OPEC's rotating presidency, urged convening a panel to consider assesses market conditions and falling prices.