OPEC member nations could decide once more to reduce their oil output when they meet again in April, believes Algeria's energy minister.
Speaking to reporters at African Nuclear Energy Commission talks, Mustapha Guitouni said the influential global oil producing cartel is "able" to make a further reduction.
In December 2018, OPEC nations meeting in Vienna unanimously cut production by 1.2 million barrels leading to stability in prices in the USD 60-64 range.
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The decision, said the minister, depends on oil market analysis in the initial three months of the year.
"Every nation is currently reviewing the market's direction in regards to industry development requirements, which are witnessing a slump," he added.
Ahead of separate March talks between OPEC and other global oil producers, intended to observe the level of compliance with the formerly-agreed cut, Guitouni ensured there was "harmonious cooperation" between both over the compromise.
