The OPEC+ Nations That Were Reluctant to Boost Production

Unlike Russia and Oman, Algeria wasn’t initially in favor of a pause in the OPEC+ oil production increases at this weekend’s meeting, Bachar El-Halabi, senior correspondent at Argus Media, reports, citing a senior source within the OPEC+ group. Initially, Russia and Oman – two non-OPEC producers part of the OPEC+ alliance implementing the cuts since 2022 – requested a pause in the monthly production increases, Argus Media has reported.

But OPEC member Algeria didn't call for a pause, according to Argus’s source. “Algeria…