OPEC could cut production at its late November meeting in Vienna by another one percent more than the amount agreed in Algiers last month, if producers reckon it is needed, Algeria’s Energy Minister Nouredine Bouterfa has told local Ennahar TV. He also told Ennahar that OPEC and non-OPEC members would hold an informal meeting in Istanbul Oct. 8-13 to discuss how to implement the Algiers deal, though he did not give details about who would attend. OPEC producers agreed in Algiers in September to reduce output by around 700,000 barrels per day to a range of 32.5-33.0 million barrels per day, its first cut since 2008. OPEC estimates its current output at 33.24 million bpd. “We will evaluate the market in Vienna by the end of November […]