The producers will meet again for discussions on November 25-26 and the outcome of the process hinges on Iran and Iraq, said Azerbaijan's Energy Minister Natiq Aliyev.
Since September, oil prices have been buoyed by a tentative deal by the Opec to cut production and pull prices out of a two-year slump.
Senior representatives of OPEC and other oil producing nations are meeting in Vienna ahead of a ministerial conference of the oil cartel next month to discuss limiting production.
The meeting of the High Level Committee is comprised mainly of OPEC governors and national representatives - officials who report to their respective ministers.
Prices are now hovering around US$50 a barrel, still too low for oil revenue-dependent nations.
Meanwhile, reports from the U.S. suggest there has been a fall in oil inventories in the last two months.
Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo recognized on Saturday Russia's constructive role in the discussion on stabilizing the oil market, the opening remarks, published on the official OPEC website following meeting of the High-level Committee of the Algiers Accord, said.
Moscow's delegation declined to comment before the meeting. Still, progress was made on the methodology to be used for allocating individual production curbs, the delegate said. "These were certainly positive and encouraging", Barkindo said. The price recovery has already taken far too long and producers can't risk delaying it further, he said.
Barkindo referred to the agreement as a "truly a landmark achievement".
OPEC is seeking to attract the producers outside the cartel to join the plan and puts efforts to win cooperation from Russian Federation, one of the major suppliers outside the group, in limiting output to prop up prices.
"That agreement - now known as the Algiers Accord - set a production target for OPEC's 14 Member Countries, ranging between 32.5 and 33 mb/d in order to accelerate the ongoing drawdown of the stock overhang and bring the rebalancing process forward".
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