Article: Algeria, Iran join Libyans in pricing strategy talks. (petroleum industry)

Algeria, Iran Join Libyans in Pricing Strategy Talks

Oil ministers from Algeria and Iran flew to Libya to try and coordinate a joint strategy to halt the slide in world oil prices, according to industry sources.

They said the three OPEC hardliners are seeking a unified approach to the cartel to reduce output and ease the world oil glut.

The ministers gathered in Tripoli as OPEC's five-member monitoring committee met in Vienna to work out a market share for the 13-nation cartel.

APS, the Algerian news agency, said Algeria and Iran previously agreed that the collapse in prices was "taking the propertions of econmic aggression against ...

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