OPEC+: Algerian Minister of Hydrocarbons and Mines Participates in 62nd JMMC Meeting

Algerian Minister of State, Minister, Mohamed Arkab, took part on Wednesday via videoconference in the 62nd meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ countries, the ministry said in a statement.

The JMMC, which convenes every two months, oversees the implementation of voluntary production adjustments agreed under the Declaration of Cooperation and issues recommendations aimed at reinforcing stability and balance in the international oil market.

The committee brings together oil ministers from nine OPEC and non-OPEC countries: Algeria, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Nigeria, and Venezuela, along with the Russian Federation and Kazakhstan. During this session, the ministers reviewed production compliance levels for July and August 2025, assessed the current state of the oil market, and discussed short-term prospects, according to the same source.