OPEC's Algiers Accord, "strategic turning point" in global oil market

ALGIERS - The Organization of Arab Petroleum Exporting Countries (OAPEC) affirmed that the Algiers Accord, adopted by the Organization of the Petroleum Exporting Countries (OPEC), marked a "strategic turning point" in the global oil market, as it laid the groundwork for the "OPEC+" Agreement to address developments in the market in the long term.