This step aims to support trade exchanges between the two countries.
Oil prices rose by more than three dollars at the open this Monday. Brent crude futures increased by $3.62, or 3.46%, reaching $108.23 per barrel, while West Texas Intermediate futures rose by 3.15%, equivalent to $3.15, recording $103.20 per barrel.
Algeria accelerates the 3,200 MW solar tranche, with 49% of contracts won by local companies and 35% local integration
The Algerian Sahara Blend records the highest increase among Arab OPEC crude oils in August 2026, at $94.32/barrel
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