OPEC Secretary-General Haitham Al Ghais said in Algiers the Algiers Accord, reached 10 years ago, remains important for oil-market stability and reflects the value of member solidarity. After meeting Algerian President Tebboune, Al Ghais said market stability depends not only on data but on confidence, mechanisms and members’ willingness to act together in critical moments. He added that investment, supply security and orderly economic conditions are closely tied to consensus among OPEC+ members

OPEC Secretary-General Haitham Al Ghais said in Algiers the Algiers Accord, reached 10 years ago, remains important for oil-market stability and reflects the value of member solidarity. After meeting Algerian President Tebboune, Al Ghais said market stability depends not only on data but on confidence, mechanisms and members’ willingness to act together in critical moments. He added that investment, supply security and orderly economic conditions are closely tied to consensus among OPEC+ members and that dialogue is now more necessary than ever.