Oil prices are predicted to stabilize at $100 a barrel by the year-end, Algeria's Minister of Energy and Mines Mohamed Arkab said.
The Minister explained that despite the decline in oil prices and global recession concerns, the latest decision of OPEC+ countries to reduce production by two million barrels per day (bpd) should keep the market balance and the stability of oil prices at the level of $100 per barrel until the year-end.
