Vers un mécanisme de référence pour fixer les niveaux de production en 2027
Summary of Recent OPEC Meetings
Introduction
On Wednesday, Mohamed Arkab, Algeria’s Minister of Energy, Mines, and Renewable Energies, participated in the 191st OPEC Conference and two meetings of the OPEC+ countries, focusing on the coordination of oil production policies.
Key Highlights
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Mandate for Production Capacity Assessment: OPEC+ ministers from 22 member countries have instructed the OPEC Secretariat to develop a mechanism to evaluate the sustainable maximum production capacity of participating nations. This mechanism will establish baseline production levels for 2027.
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Commitment to Production Adjustments: During the 39th OPEC/non-OPEC ministerial meeting, held via video conference, members reaffirmed their commitment to maintaining voluntary production adjustments through the end of 2026. This decision aims to preserve stability in the global oil market.
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Focus on Strategic Priorities: The 191st OPEC Ministerial Conference, which included ministers from 12 member countries, evaluated the General Secretariat’s functions, strategic priorities, and the medium to long-term outlook for the organization.
- Monitoring Committee Meeting: Arkab also attended the 60th meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC/non-OPEC. This committee reviewed compliance with voluntary production limits for March and April 2025. Countries involved include Algeria, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Nigeria, Venezuela (all OPEC), along with Russia and Kazakhstan (non-OPEC). The committee acknowledged a high level of compliance among participants and emphasized the importance of adhering to commitments for maintaining a balanced oil market.
Conclusion
The recent OPEC meetings reflect a unified approach among oil-producing nations to maintain production stability and strategic planning for future oil markets. With strong compliance rates and a commitment to collaborative policies, OPEC+ aims to navigate the complexities of the global energy landscape effectively.
