Algeria and allies plan 188K bpd oil hike

Seven countries from the OPEC+ group, including Algeria, agreed to increase oil production by 188,000 barrels per day starting from next July, in order to support the balance of the oil market. This was announced during a meeting of the G7 countries as part of the Cooperation Framework, where Algeria's quota was set at 6,000 barrels per day. Algeria also participated in other OPEC meetings to discuss the organization's strategies and the future of the oil market.

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