OPEC+ Nations, Including Algeria, Keep Oil Production Steady for December

Algeria's Minister of Energy and Mines, Mohamed Arkab, participated in a virtual ministerial meeting involving seven OPEC+ member nations. The participating countries reached a consensus to keep their current oil production levels unchanged throughout December 2026. This move is intended to address global economic uncertainties and ensure market stability. Algeria will maintain its production output at 1.007 million barrels per day. The participating ministers emphasized the importance of ongoing cooperation and market monitoring, scheduling their next consultative meeting for November 29, 2026.