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OPEC+ Raises Oil Production by 188,000 Barrels Per Day in June

May 3, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
OPEC+ Raises Oil Production by 188,000 Barrels Per Day in June

Ministers from seven countries involved in the cooperation declaration (OPEC+) agreed on a collective increase in oil production of 188,000 barrels per day during June, including 6,000 barrels per day allocated to Algeria, following a coordinating meeting attended by the Minister of State, Minister of Energy, Mohamed Arkab. The meeting, held via video conferencing on Sunday, included countries implementing voluntary production adjustments, namely Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia, as part of the regular monitoring of international oil market developments and enhancing coordination to ensure its balance and stability. The head of the National Agency for the Valorization of Hydrocarbon Resources also attended the meeting.

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