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2026-08-05T13:11:18.818Z

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OPEC+ Countries to Raise Output

OPEC+ Countries to Raise Output

The OPEC+ group, including Algeria, has decided to increase their total oil production by 188,000 barrels per day starting from September 2026. This decision comes after the voluntary cuts they implemented in April 2023 were canceled, in order to monitor developments in the global oil market and maintain balance. The meeting was attended by ministers from the seven member countries, who emphasized the importance of vigilance and ongoing monitoring of the oil market.

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