Algeria will raise its crude oil production by an additional 9,000 barrels per day beginning in July, the Ministry of Energy announced on Saturday. The decision is part of the country’s broader strategy to adapt to shifting global energy demands and to enhance the efficiency of its petroleum sector.
According to the ministry, the production increase is aimed at addressing the anticipated surge in demand for crude oil and petroleum products during the peak summer season. The adjustment will also support the country’s objective of maximizing output from recently developed oil fields, improving the utilization of national hydrocarbon resources in line with long-term energy goals.
The announcement follows Algeria’s participation in a virtual ministerial session of the OPEC+ alliance. The meeting brought together key oil-producing nations, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman. Energy Minister Mohamed Arkab represented Algeria during the discussions.
At the meeting, member states agreed to a coordinated production boost of 411,000 barrels per day across the group for the month of July. The decision reflects a collective response to projected seasonal growth in oil consumption, particularly during summer when energy demand typically peaks due to increased travel and industrial activity.
The OPEC+ coalition, which plays a significant role in regulating global oil supply to stabilize prices, will hold its next meeting on July 6. Ministers are expected to review current market dynamics, assess compliance with agreed production levels, and discuss mechanisms for compensating for previous over- or underproduction.
The monthly consultations underscore OPEC+’s commitment to maintaining balance in the global oil market, ensuring both producer stability and supply reliability for consuming nations.