Oil prices fell on Friday, affected by developments in global geopolitical conditions. Brent crude futures reduced their previous losses of over five percent to reach $96.28 per barrel, down $4.41 or 4.38 percent, after exceeding $100 at settlement in the previous session for the first time since last May. The contract is still on track to achieve gains exceeding seven percent this week. West Texas Intermediate crude futures fell $3.61, or 3.92 percent, to $88.58 per barrel, continuing on a path to achieve a weekly increase of seven percent.
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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