opec+

OPEC+ raises oil output again amid warnings over war damage

Economy / Dalia

OPEC+ agreed to raise oil production quotas while warning that war damage to energy infrastructure and disrupted shipping routes could prolong volatility and threaten global energy supplies.

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Algeria supports oil production cuts extension

Economy / Dalia

Energy Minister Mohamed Arkab stated in a Wednesday announcement that the alliance’s actions are aimed at stabilizing the global oil market by aligning it with “intrinsic fundamentals” rather than leaving it vulnerable to “irrational fluctuations of speculators.”

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