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Algeria - Algeria and six other countries from the OPEC+ group decided today, Sunday, to collectively raise their production by 188,000 barrels per day, starting from next August, while committing to a cautious approach to maintain market stability.
Algeria participated today, Sunday, via video conferencing, in the meeting of the seven countries from the OPEC+ group concerned with implementing additional voluntary production adjustments, where a collective production adjustment was decided starting from August 2026.
Algeria and six other countries from the OPEC+ group decided on Sunday to collectively raise their production by 188,000 barrels per day, starting from August.
The Ministry of Energy announced that Algeria will raise its oil production level to 1.001 million barrels per day starting from August 2026, an increase of 6,000 barrels per day, following the decision of the seven countries in the OPEC+ group to make a collective adjustment in production. The ministry clarified, in a statement, that Algeria participated, on Sunday, July 5, 2026, via video conferencing, in the meeting of the seven countries from the OPEC+ group concerned with implementing additional voluntary production adjustments, alongside Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia. View the full content on الشروق أونلاين.
The OPEC+ alliance is set to approve a new increase in oil production starting from next August, amounting to 188,000 barrels per day, according to informed sources, in a move aimed at injecting more supplies into global markets amid falling crude prices and the resumption of export flows through the Strait of Hormuz. The sources, cited by Reuters, stated that the alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, has preliminarily reached an agreement to raise production quotas at the same pace as those set for June and July, with the decision to be presented for approval during the meeting scheduled for today, Sunday, via video conferencing.
The Ministry of Foreign Trade and Export Promotion announced in a statement today an exceptional amendment to the program for receiving economic operators for this week.
The Ministry of Foreign Trade and Export Promotion announced an exceptional adjustment to the schedule for receiving economic operators during this week, deciding to postpone the reception date to Wednesday, July 8, 2026, instead of Monday, July 6, 2026. The ministry clarified in a statement that the reception will be on Wednesday from 8:00 AM to 1:00 PM. View the full content on الشروق أونلاين.
Following the decision made by the seven countries of the OPEC+ group.
An exceptional measure applicable only this week.
Algeria and six other countries from the OPEC+ group decided this Sunday to collectively raise their production by 188,000 barrels per day, starting from next August, while committing to a cautious approach to maintain market stability. This decision came during a ministerial meeting, held via video conferencing, which included the seven member countries of OPEC+ (the Organization of the Petroleum Exporting Countries and its non-member allies), which implemented voluntary adjustments to their crude oil production, namely: Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia.
The President of the Spanish government, Pedro Sánchez, will make an official visit to Algiers on July 20, according to the Spanish media outlet The Objective. This high-level visit is part of a renewed consultation dynamic and marks a crucial step in consolidating the normalization of diplomatic and economic relations. Thus, according to several observers, the […]
OPEC's production saw a strong recovery during June 2026, rising by about 3.3 million barrels per day, driven by the resumption of oil supplies from Gulf countries following the easing of regional tensions and the return of shipping through the Strait of Hormuz.