OPEC+ Unveils Larger-Than-Expected Oil Production Increase in August; Algeria to Contribute Additional 12,000 Barrels Daily
July 5, 2025
On Saturday, eight nations within the OPEC+ alliance reached a consensus to elevate their combined crude oil production by 548,000 barrels per day, marking a significant step in the gradual rollback of voluntary supply reductions. ...
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Oil Prices Respond to Escalating Middle East Tensions
June 16, 2025
The oil market faced notable volatility on Monday following a significant surge of 7% on Friday. Renewed military actions between Israel and Iran over the weekend have heightened fears that the conflict could spread throughout ...
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OPEC+: Algeria decides an additional voluntary cut of 51 thousand barrels per day during the first quarter of 2024
November 30, 2023
Algiers – Algeria decided to make voluntary additional cuts of 51 thousand barrels per day, starting from January 1, 2024 until the end of next March, as part of the efforts aimed at supporting market ...
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