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Coordination meeting of the Group of Seven within OPEC+ with Algeria's participation

May 3, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

The Algerian Minister of State, Minister of Energy, Mohamed Arkab, is participating today, Sunday, via video conferencing, in the coordination meeting of the Group of Seven within the framework of the OPEC+ alliance, which includes Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia. According to a statement from the Algerian Ministry of Energy, this meeting comes as part of the regular follow-up on the global oil market situation and to enhance coordination among the seven countries participating in the OPEC+ cooperation declaration, which implements voluntary adjustments in their production levels. During this meeting, the ministers will engage in an in-depth exchange on the short-term prospects of the oil market, in light of the developments in supply and demand fundamentals.

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