Algeria cuts spending to offset falling oil prices
Algeria’s oil minister, Youcef Yousfi, on Sunday called on OPEC to cut production in order to raise oil prices and defend smaller producers in the cartel. The country is struggling to deal with oil prices losing nearly half their value in the last six months as other OPEC members keep production levels steady.

“For us, OPEC has to intervene to correct the imbalance and cut production to bring up prices and defend the income of its member states,” Yousfi said in remarks carried by the state ...

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