Algeria urges OPEC decision to stabilise oil price

The world's top oil producers "must take a decision" to stabilise prices, Algeria's energy minister said on Sunday ahead of an OPEC meeting on Wednesday in Algiers. Oil prices are already depressed after two years of oversupply amid deep disagreements between members of the Organization of Petroleum Exporting Countries. Failing to agree on a production freeze could push prices even lower, Noureddine Boutarfa told reporters in Algiers.