Saudi Oil Minister Doesn't See OPEC Deal on Wednesday - Bloomberg

September 27, 2016 1:57 PM EDT

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(Updated - September 27, 2016 2:13 PM EDT)

(Updated - September 27, 2016 2:05; 2:11 PM EDT)

Saudi Oil Minister Al-Falih, speaking in Algiers, said he doesn't see an OPEC deal on Wednesday, according to Bloomberg headlines. He sees an OPEC freeze deal possible at the November meeting. It's possible a deal may make exception for some members, with Iran, Libya, and Nigeria allowed maximum output.

Al-Falih added that the oil market is healthy and the worst of the downturn is "behind us."

A bilateral meeting with Russia is planned in October.

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