l’Algérie et 7 autres pays ajustent leur production pétrolière pour soutenir la stabilité du marché
Adjustments in OPEC+ Oil Production: Key Details from the Recent Meeting
Recently, eight countries from the OPEC+ alliance, including Algeria, have agreed to increase their oil production by 411,000 barrels per day starting in May 2025. This decision was announced in a statement from the Ministry of Energy and Mines following a video conference attended by key officials, including Algeria’s Minister of State for Energy, Mining, and Renewable Energies, Mohamed Arkab.
The meeting, which involved Algeria, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, and Oman, focused on the current state and future prospects of the global oil market. Ministerial discussions highlighted positive market forecasts, leading to the consensus on the production adjustment, adhering to previous commitments made in December 2024 and further affirmed in March 2025.
The planned increase in production is framed as a flexible and phased approach that is subject to modification or suspension, depending on market dynamics. This adaptability aims to sustain market stability and support ongoing initiatives to manage production levels effectively. Additionally, the participating countries reiterated their commitment to compensating for any production excess that may have occurred since January 2024.
To maintain oversight and coordination, the OPEC+ ministers agreed to conduct monthly meetings to assess market conditions, compliance with existing agreements, and necessary compensations. Their next meeting is scheduled for May 5, 2025, when they will determine production levels for June.
Summary of OPEC+ Production Adjustment:
In a recent important decision, OPEC+ countries, including Algeria, announced a production rise of 411,000 barrels per day for May 2025. This outcome arises from a collective meeting that assessed the dynamics of the global oil market, signaling optimism for future developments.
Present were eight nations involved in voluntary production adjustments since April 2023: Algeria, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, and Oman. The dialogue emphasized collaborative efforts and highlighted commitments made in past meetings regarding production levels.
The production increase is strategically designed to be flexible to respond to market fluctuations while aiming to uphold stability in oil pricing. Furthermore, the nations involved have promised to address any overproduction since January 2024.
Ongoing cooperation is encouraged through monthly meetings to monitor market conditions and ensure adherence to production agreements, with the next gathering slated for May 5, 2025, for further strategic planning.
