Algerian oil production in October will be at 1.057 million barrels per day (bpd), unchanged from September, Algeria’s Energy Ministry said in a statement on Monday.
The announcement followed a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to cut output by 100,000 bpd – amounting to only 0.1% of global demand – for October.
The group’s members agreed that they could meet any time to adjust production before the next scheduled meeting on Oct. 5.
Source: Reuters (Reporting by Moataz Mohamed; Editing by Jan Harvey)