Oil prices reached their highest levels in nearly two months on Thursday, continuing gains for the fifth consecutive day, following the announcement by the Houthis in Yemen of targeting two Saudi oil tankers, exacerbating disruptions to global oil shipping through the Red Sea and the Strait of Hormuz. By 1310 GMT, Brent crude futures rose by $5.83 or 6.2% to $99.90 per barrel after hitting $100 per barrel for the first time since late May.
Algeria - On Monday, the Minister of Transportation, Saïd Sayoud, held talks in Algiers with the Deputy Prime Minister and Minister of Industry of the Czech Republic, Karel Havlíček, discussing ways to enhance bilateral cooperation between the two countries in the fields of transportation, according to a statement from the ministry.
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The Nigerian Minister of State for Petroleum Resources in charge of gas, Ikebekpe Ikpo, highlighted today from Moscow the developmental and economic dimensions of the Trans-Saharan gas pipeline that connects Nigeria to Algeria via Niger, especially for the Sahel countries, noting that the project is a priority, as Nigeria will extend a pipeline from the south of the country to the north to realize this continental energy facility.
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