Russia: hard to say whether Algiers oil talks will yield agreement

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  • Russian Energy Minister Alexander Novak applauds during a session of the ministry's board in Moscow, Russia, April 8, 2016. REUTERS/Maxim Shemetov

    Russian Energy Minister Alexander Novak applauds during a session of the ministry's board in Moscow, Russia, April 8, 2016. REUTERS/Maxim Shemetov (Copyright Reuters 2016)

  • Russian Energy Minister Alexander Novak applauds during a session of the ministry's board in Moscow, Russia, April 8, 2016. REUTERS/Maxim Shemetov

    Russian Energy Minister Alexander Novak applauds during a session of the ministry's board in Moscow, Russia, April 8, 2016. REUTERS/Maxim Shemetov (Copyright Reuters 2016)

  • Saudi Energy Minister Khalid al-Falih talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria  September 27, 2016. REUTERS/Ramzi Boudina

    Saudi Energy Minister Khalid al-Falih talks to reporters during the 15th International Energy Forum Ministerial (IEF15) in Algiers, Algeria September 27, 2016. REUTERS/Ramzi Boudina (Copyright Reuters 2016)

Russian Energy Minister Alexander Novak said on Tuesday it was hard to tell whether talks between OPEC and non-OPEC oil producers in Algiers this week would produce an agreement to stabilize the market.

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"It is hard to tell, consultations are still under way," Novak told Reuters when asked whether any agreement to stabilize the market was expected this week.

Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria from Sept. 26-28. Non-OPEC producer Russia is also attending the forum.

(Reporting by OPEC team; Editing by Dale Hudson)