Algeria says too early to talk of an oil price increase -TV

Algerian Energy Minister Mohamed Arkab said it is too early to talk about a rise in oil prices as a deal between the OPEC+ group of crude exporters to curb supply will only start on May 1, the local Ennahar TV channel reported on Saturday.

Arkab told the channel any oil-exporting country is welcome to join the OPEC+ group in order to help balance the oil market.

The group comprises the Organisation of the Petroleum Exporting Countries (OPEC) and allied crude producers led by Russia.