OPEC+ keeps Algeria's oil output target unchanged for December

Minister of Energy and Mines, Mohamed Arkab, participated in a virtual coordination meeting of OPEC+ nations, which included representatives from Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia. The discussions focused on global oil market trends and the prevailing economic uncertainty. The participating countries collectively agreed to keep production levels steady throughout December 2026. Under this arrangement, Algeria's output remains at 1.007 million barrels per day. The group affirmed its commitment to ongoing monitoring of the market, with the next ministerial meeting scheduled for November 29, 2026.