OPEC Secretary General: The Algiers Agreement still has significant importance for maintaining stability in the oil market

On the 28th, OPEC Secretary-General Haitham Ghais stated in Algiers, the capital of Algeria, that the "Algiers Accord" reached ten years ago still holds significant importance for the stability of the oil market and embodies the value of solidarity and cooperation. According to the Algerian presidential office, Ghais, who is on a working visit to Algeria, spoke after meeting with Algerian President Tebboune, saying that market stability is based not only on data, but also on confidence, the mechanisms adopted, and the willingness of countries to unite at critical moments. Ghais emphasized that investment, securing supply, and economic stability are closely related to the stability brought by the consensus among OPEC+ member states. He added that the necessity of dialogue has not diminished but is more important now than ever. (CCTV News).