Informal Istanbul OPEC Talks Were Positive

An informal meeting between OPEC energy ministers, Russia and Mexico in Istanbul on Wednesday yielded positive results and a wide spectrum of producers will attend a high-level meeting in Vienna at the end of this month, Qatar's energy minister said.

Emerging from the Istanbul meeting, Mohammed al-Sada told reporters there had been a "positive understanding of the situation on what could be the role of OPEC and what could be the role of non-OPEC" in balancing the oil market.

Algeria's energy minister also said Wednesday's meeting had been "very positive" and that he hoped for more positive results in Vienna.

(Reporting by Rania El Gamal, Ron Bousso and Parisa Hafezi; Writing by Nick Tattersall)