OPEC Won’t Meet Before March 15, Algerian Minister Khelil Says

By Ahmed Rouaba

Jan. 21 (Bloomberg) -- The Organization of Petroleum Exporting Countries won’t meet before its next scheduled summit on March 15, Algerian Oil Minister Chakib Khelil said.

“There is no plan to meet until March 15 to discuss the market situation,” Khelil told reporters today in Algiers.

Khelil, who held OPEC’s rotating presidency last year, said oil prices would likely be stable until the third quarter when crude is expected to rebound. OPEC may announce an additional cut in March if prices slump further, he said.

To contact the reporter on this story: Ahmed Rouaba in Algiers, through the London newsroom at arouaba@bloomberg.net