Algiers, DZWatch – Algeria, along with seven other nations within the OPEC+ alliance, has reaffirmed its commitment to a collective production increase of 137,000 barrels per day (bpd) for December. This decision, initially agreed upon in early November, includes a 4,000 bpd increase specifically allocated to Algeria, according to a statement released by the Ministry of Hydrocarbons and Mines.
The confirmation took place during a virtual meeting involving Algeria and seven other countries participating in voluntary production adjustments. These nations include Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, Oman, and Russia.
The ministry’s statement emphasized the decision to implement the 137,000 bpd increase in December, with Algeria’s share set at 4,000 bpd. Furthermore, the statement highlighted the suspension of any production increases between January 1st and March 30th, 2026.
Participating nations reiterated their dedication to maintaining close coordination and continuous monitoring of developments in the global oil market. This commitment aims to ensure stability and balance within the industry.
In related news, Algeria also participated in the 40th OPEC/non-OPEC Ministerial Meeting, dedicated to analyzing the current state and short-to-medium term outlook of the oil market. During this meeting, the 22 member countries of OPEC+ reaffirmed their willingness to continue working together to support global market equilibrium.
The OPEC+ nations approved a new mechanism for evaluating the sustainable production capacities of member states. This mechanism will serve as the foundation for determining reference production levels starting in 2027.
Furthermore, during the 63rd meeting of the Joint Ministerial Monitoring Committee (JMMC), representatives from member countries, including Algeria, Saudi Arabia, the UAE, Iraq, Kuwait, Nigeria, and Venezuela (representing OPEC), along with Kazakhstan and Russia (representing non-OPEC participants), assessed the adherence of OPEC+ nations to their voluntary production cut commitments for September and October 2025. The committee commended the ongoing efforts of participating countries in upholding their pledges.
