OPEC+ Countries Agree to Maintain Oil Production Levels for December

Minister of State and Minister of Energy and Mines, Mohamed Arkab, participated in a virtual coordination meeting of seven OPEC+ nations to assess the global oil market. The discussions, involving representatives from Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia, focused on current economic and energy fluctuations. The group reached a consensus to keep oil production levels unchanged throughout December 2026. Consequently, Algeria's output will be maintained at 1.007 million barrels per day. The participating countries reaffirmed their commitment to continued coordination and market monitoring, with the next ministerial session scheduled for November 29, 2026.