Algerian Energy & Mines minister and President of OPEC

Algerian Energy & Mines minister and President of OPEC Chakib Khelil talks to media during a press conference, on December 14, 2008 in Oran. Oran will host a key meeting of the oil cartel in Algeria on December 17. The Algerian minister said the 13-member of OPEC had reached a consensus "for a sharp reduction of production," according to the APS news agency. World oil prices rebounded on expectations that crude exporters' cartel OPEC will cut production at a key meeting in Algeria this week, dealers said.
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