Saudi Arabia's Minister of Energy Khalid al-Falih said that OPEC should not crimp oil supply too tightly, and that he was optimistic a global production deal to limit supplies could be reached by November. "Prices have dropped too low and that has impacted investment. Many companies and countries are hurting... we don't want to give the market the wrong signal and shock the market's prices," he said. Falih said he would meet Russian Energy Minister Alexander Novak in Istanbul in the coming days to discuss Russia's reaction to the Algiers agreement, and that a technical committee meeting between OPEC members and non-OPEC countries would take place in two weeks. (Reuters)