As the two members of the Organization of Petroleum Exporting Countries, Iran and Algeria should collaborate with other countries to rebalance the oil market, Rouhani added.
Brent crude futures have rebounded from a six-year low of $45.19 a barrel hit in January to trade just below $64, but are still down around 45 percent from last year`s peak.
OPEC had said its overall output surged to 30.79 million barrels per day in March, up 810,000 bpd from the previous month, with demand higher than expected due to lower prices.
More about:
