Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Two martyrs reported in the Israeli aggression on Qom, Iran
IRGC: The operation successfully destroyed the pre-determined targets
IRGC: We launched a heavy barrage of Shahed-136 suicide and attack drones, in addition to precision missiles
IRGC: The 18th wave of Operation True Promise 3 was directed at military targets and operational support centers of the occupation army
Al Mayadeen's correspondent: Iranian air defenses activated above Tabriz and Zanjan
Al Mayadeen's correspondent: Iranian air defenses successfully intercepted Israeli hostile targets above Tehran and Isfahan
Al Mayadeen's correspondent: Iranian air defenses activated against Israeli hostile targets above Tehran
Israeli media: An Iranian missile fell on a building in Tel Aviv
Israeli media: The wave of Iranian missiles was directed at central ​​Tel Aviv
IOF reports sirens sounding in central occupied Palestine following the detection of missiles launched from Iran

Algeria to boost oil production as part of OPEC+ output hike

  • By Al Mayadeen English
  • Source: Agencies
  • 3 Jun 2025 17:24
4 Min Read

Algeria will increase crude oil production by 8,000 barrels per day starting July 2025, backing OPEC+’s collective decision to raise output amid rising global demand, according to Energy Minister Mohamed Arkab.

Listen
  • x
  • Oil workers stand on a new rig Tuesday, June 17, 2008, in the Sakhir, Bahrain (AP)
    Oil workers stand on a new rig Tuesday, June 17, 2008, in Sakhir, Bahrain (AP)

Algerian Energy Minister Mohamed Arkab has emphasized the importance of the decision made during the recent meeting of the eight OPEC+ countries participating in voluntary output adjustments, which was held last Saturday. According to a statement released by Algeria’s Ministry of Energy on Tuesday, the group agreed to raise its overall oil supply by 411,000 barrels per day starting in July 2025.

The statement noted that Arkab affirmed Algeria’s full support for this collective decision, which comes at a time of seasonally increasing global demand for oil, particularly during the summer period.

The minister also expressed satisfaction with the additional increase in Algeria’s crude oil production, which will amount to 8,000 barrels per day beginning in July.

He added that this increase will also accompany the gradual commissioning of several newly developed oil fields, helping to better capitalize on Algeria’s national resources.

OPEC+ united on output decisions 

Responding to recent media reports suggesting divisions among the eight countries participating in the voluntary output adjustments, Arkab reaffirmed the unity within the group.

Related News

OPEC+ eyes full return of 2.2 million barrels amid compliance rift

OPEC+ to boost oil output again amid market weakness, internal rift

He stressed that “consultations between these countries were constructive and well-coordinated, and the agreement to increase production by 411,000 barrels per day was reached unanimously.”

Arkab clarified that Algeria did not express any reservations regarding the agreed-upon adjustments and that the meeting did not include any proposals beyond the three previously approved increases. “Any claims to the contrary do not accurately reflect the course of the discussions,” he said.

The minister reiterated Algeria’s firm commitment to the principles and spirit of the OPEC+ alliance, emphasizing that Algeria’s positions have always aligned with the group’s consensus and solidarity. “In all circumstances, Algeria has rigorously and consistently fulfilled its production commitments, clearly reflecting its dedication to the objectives of the Declaration of Cooperation,” Arkab concluded.

Successive production increases

OPEC and its allies authorized in May a significant increase in oil production, approving a 411,000 barrels per day (bpd) hike for June. This followed a similar boost as the group accelerates its plan to phase out previous output cuts, despite persistent price declines and mounting concerns about global demand.

The decision came during a short online meeting on Saturday. The producer alliance reiterated that the "fundamentals of the oil market were healthy," though Brent crude prices tell a different story. Futures dropped more than 1% on Friday to $61.29 per barrel, the lowest level seen in nearly four years, reflecting investor unease over potential oversupply and slowing economic growth, exacerbated by US tariff policies.

This latest output hike is part of a scheduled rollback of a 2.2 million bpd cut agreed upon last December by eight OPEC+ countries, including Saudi Arabia, Russia, Iraq, and the UAE. With April, May, and June combined, the cumulative increase now stands at 960,000 bpd, representing a 44% unwinding of those cuts, according to Reuters estimates.

Quota clash

The internal dynamics of the alliance are growing increasingly strained. Saudi Arabia has taken aim at Iraq and Kazakhstan for allegedly repeatedly breaching their production ceilings. "Saudi Arabia repeated its warnings against poor compliance on Saturday," said one source. The move reflects Riyadh's refusal to continue shouldering the burden of market stabilization, a role it has played since the 2020 price collapse.

Tensions with Kazakhstan escalated last month after its energy minister publicly prioritized national interests over OPEC+ discipline. The country exceeded its output quota in April despite a 3% overall decline in production.

"Compliance again appears to be the key focus, with Kazakhstan and Iraq continuing to miss their compensation targets, alongside Russia to a lesser extent," said Helima Croft of RBC Capital Markets in a statement to Reuters last month. 

  • Algeria
  • OPEC
  • OPEC+
  • Oil Production

Most Read

Iranian missiles impact Israeli sites in Tel Aviv in 2nd wave

Iran's missiles impact 'strategic' Israeli site in Tel Aviv

  • Politics
  • 14 Jun 2025
Bin Salman: Islamic world backs Iran in call to Pezeshkian

MBS says Islamic world backs Iran in call with Pezeshkian

  • MENA
  • 15 Jun 2025
Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A motorcycle is on fire after an Israeli drone strike targeted it in the southern Lebanese village of Baraachit, June 20, 2025 (Social media)
Politics

Israeli airstrikes in southern Lebanon lead to casualty, martyr

An Israeli military vehicle before it was targeted in Operation Breaking the Sword in Gaza, undated (Al-Qassam Brigades Military Media)
Politics

Gaza Resistance pounds invading Israeli forces in joint operations

Israeli occupation forces and emergency teams work next to an unpopulated building after it was hit by a missile fired from Iran, in Haifa, occupied Palestine, Friday, June 20, 2025 (AP)
Politics

Iran bombs Israeli Interior Ministry in tit-for-tat response

A man is evacuated by an Israeli emergency team after a missile from Iran hits in Haifa, Israel, Friday, June 20, 2025 (AP)
Politics

1,217 injured in 'Israel' from Iran retaliation amid rising tensions

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS