Algerian Radio
Algeria and seven other countries in the OPEC+ alliance decided this Sunday to voluntarily increase their production by 206,000 barrels per day during the coming month of May, reaffirming their commitment to continued close coordination, according to a statement from the Ministry of Hydrocarbons and Mines.
This decision was made during a coordination meeting held via videoconference, in which Algeria and seven other OPEC+ alliance countries participated. These countries, involved in voluntary production cuts, include Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, Oman, and Russia.
On this occasion, the member states reaffirmed their “commitment to continued close coordination among themselves,” emphasizing the importance of constant and meticulous monitoring of global oil market developments, the same source added.
Accordingly, Algeria will increase its production by 6,000 barrels per day during May, reaching 983,000 barrels per day, according to data published by OPEC+ on its official website.
Algeria subsequently participated in the 65th meeting of the Joint Ministerial Monitoring Committee (JMMC). This committee includes Algeria, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Nigeria, and Venezuela, alongside Kazakhstan and Russia. The meeting was dedicated to assessing the compliance of member states within the OPEC+ Declaration of Cooperation regarding their voluntary production cuts for the months of January and February 2026.
At the conclusion of the proceedings, the committee praised the continuous efforts made by participating countries, emphasizing that “strict and continuous commitment to collective decisions remains a decisive factor in supporting the stability and balance of the global oil market,” the same source added.
