Algeria says the group remains central to efforts to stabilize global oil markets Algeria remains committed to the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+ and considers the producer alliances a foundation of stability in the global oil market, the country’s Ministry of Hydrocarbons and Mines said on Wednesday. The ministry said the North African nation will continue to support collective coordination between oil-producing countries, arguing that the OPEC framework and the wider OPEC+ mechanism remain essential to balancing supply and demand and limiting market volatility. The statement comes after the UAE announced on Tuesday that it would leave OPEC and OPEC+ effective May 1, citing its national energy strategy and the need for greater policy flexibility. Algeria is one of eight OPEC+ countries, alongside Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan and Oman, taking part in voluntary production changes.…