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: Three martyrs, injured in Israeli drone strike on phone charging station west of Khan Younis, southern Gaza.
Al Mayadeen's correspondent: Four martyrs, dozens of injured as IOF open fire on civilians near GHF facility west of Rafah, southern Gaza.
Lebanese Army: This may push Army to freeze cooperation with committee regarding investigating facilities.
Lebanese Army: Enemy's continued violations of agreement and its refusal to respond with implementation committee weakens committee, Army's role.
Lebanese Army: A number of patrols also headed to locations under threat to investigate them, despite enemy's refusal of proposal.
Lebanese Army: As soon as enemy announced its threats, Army began coordination with ceasefire committee to stop attack.
Lebanese Army: Aggressions took place on eve of holidays, in clear atttempt by enemy to disrupt recovery of our nation and positive atmosphere.
Lebanese Army: Occupation's violations have turned into a daily aggression against Lebanese sovereignty, as it flouts ceasefire mechanism and efforts by implementation committee.
Lebanese Army: [Israeli] enemy has recently escalated its aggressions on Lebanon, targeting civilians, residential buildings, and facilities in different areas.
Berri: It is our fate every Eid al-Adha to offer sacrifices in defense of Lebanon and its sovereignty, and the aggression will not prevent us from celebrating our holidays

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

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
It may well be due to the longstanding relationship between MI6 and HTS, via Inter Mediate, that Britain was the first Western country to recognise their assumption of government in Syria. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

How MI6 helped HTS seize Syria

  • Opinion
  • 31 May 2025
Palestinians struggle to get donated food at a community kitchen in Khan Younis, southern Gaza Strip, Monday, June 2, 2025. (AP)

Boston Consulting Group withdraws from GHF

  • Palestine
  • 3 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Poll
Palestine

Sharp decline in international perception of 'Israel', Netanyahu: Poll

Ukrainian soldiers with the anti-drone KVS G-6, manufactured by Kvertus Technology.Territorial Defense Forces of the Armed Forces of Ukraine/Facebook
US & Canada

Shift in US priorities: Drone fuzes reallocated from Kiev to CENTCOM

US Jews accuse Trump of antisemitism despite his pro-'Israel' stance
US & Canada

US Jews accuse Trump of antisemitism despite his pro-'Israel' stance

Former US President Joe Biden speaks from the Oval Office of the White House in Washington, Sept. 30, 2024 (AP/Mark Schiefelbein)
US & Canada

Trump orders investigation into Biden’s autopen use, cognitive fitness

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