OPEC+ Keeps Oil Output Unchanged for Seven Countries in October

OPEC+ countries have agreed to maintain their combined oil output unchanged in October. The decision was made during a consultative meeting that included seven countries, including Algeria, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman, and Russia.

The ministers of these countries met by videoconference on Sunday and reaffirmed their commitment to close coordination and regular market monitoring. This is aimed at supporting stability and balance in the international oil market amid ongoing changes in global supply and demand.

Algeria's production will remain at 1.007 million barrels per day (mb/d) during October, while the seven countries' combined output will also remain unchanged.