
Brent crude barrel around 100 dollars
AL24 News - Brent crude barrel around 100 dollars - news
Government economic decisions, reforms, budgets, and fiscal policy

AL24 News - Brent crude barrel around 100 dollars - news

Crude oil prices fell today, Wednesday, after several consecutive days of increase, in the context of military escalation in the Gulf and the Middle East. Before noon, the benchmark Brent crude oil for May delivery dropped by 5.42% compared to the previous session, trading close to 100 dollars. The U.S. West Texas Intermediate crude for the same month also fell by 5.39% to 87.37 dollars per barrel. Global markets were affected by U.S. statements regarding a potential peace plan, with hopes surrounding the possibility of halting military escalation in the Middle East and the Gulf, leading to a decline in oil prices.

Business Insider Africa reported that the zinc and lead mine project in Tala Hamza and Amizour in Bejaia could become one of the largest zinc mines in the world, enhancing Algeria's position as a key player in the global base metals market amid increasing demand for metals related to infrastructure and energy transitions. According to the same site, the Australian mining company 'Tiramin' has begun site preparation work for the project in Tala Hamza, Algeria, after Algerian authorities successfully removed access restrictions to the land that had hindered the project's progress for several months, allowing the transition to the early development phase of a project estimated to be worth around $471 million. Read the full content...

DZD economy aliqtissad dz Algeria economy news

Oil prices fell by more than five percent today, Wednesday, as Brent crude futures dropped by $6.21 or 5.9%.

Italian Prime Minister Giorgia Meloni will hold talks today, Wednesday, with President Abdelmadjid Tebboune, aiming to secure additional gas supplies amid severe disruptions in the global energy market following tensions in the Middle East and partial disruptions to liquefied natural gas supplies from Qatar. According to the Italian news agency 'Nova', Italy seeks to enhance its reliance on Algeria, which is already the main gas supplier through a pipeline that runs across the Mediterranean Sea, especially after Qatar declared force majeure on long-term contracts following attacks targeting the Ras Laffan liquefaction complex, which covered about 33% of Italy's gas imports.

AL24 News - Gold rises as the dollar weakens and fears of interest rate hikes ebb - news

The Algerian Professional Grain Office has issued an international tender to purchase flour wheat, specifying shipping periods during June, according to European traders. The traders explained, as reported by Reuters, that the tender includes two shipments from main supply areas, including Europe, the first from June 1 to 15, and the second from June 16 to 30, while it is required that shipping be done a month earlier if the wheat source is from South America, Australia, or India. Read the full content on Echourouk Online.

SONATRACH intends to start drilling works at the 'Kafra' field in Niger beginning in April, following the completion of several technical studies, in a move aimed at enhancing energy resources and strengthening bilateral cooperation in the hydrocarbons sector. The Director of International Cooperation at the Ministry of Hydrocarbons and Mines, Hakim Zebiri, stated in a statement to 'APS' that the actual start of drilling works will take place in the coming days, once the necessary equipment and tools arrive, confirming that this operation represents an important practical phase in the process of exploiting energy potential in Niger. Read the full content on Echourouk Online.

SONATRACH intends to start drilling works at the 'Kafra' field in Niger beginning in April, following the completion of several technical studies, in a move aimed at enhancing energy resources and strengthening bilateral cooperation in the hydrocarbons sector. The Director of International Cooperation at the Ministry of Hydrocarbons and Mines, Hakim Zebiri, stated in a statement to 'APS' that the actual start of drilling works will take place in the coming days, once the necessary equipment and tools arrive, confirming that this operation represents an important practical phase in the process of exploiting energy potential in Niger. Read the full content on Echourouk Online.

The Minister of Agriculture, Rural Development and Fisheries, Yassine Mahdi Walid, chaired a national meeting on Wednesday that brought together directors of grain and dry legume cooperatives and officials from the Algerian Professional Office of Cereals, dedicated to preparing for the harvest and threshing campaign for the 2025-2026 season, expected to start in mid-April, according to a statement from the ministry. This meeting, the same source adds, was an opportunity to evaluate the plowing and sowing process for the current season and to assess the development of crops in terms of germination status across various regions of the country.

The Minister of Public Works and Basic Infrastructure, Mr. Abdelkader Jalawi, chaired this Wednesday at the ministry's headquarters a coordination meeting dedicated to following up on several files related to the sectoral roadmap and ongoing project programs, according to a statement from the ministry. The same source clarified that this meeting, which is part of the regular meetings held by the minister with the sector's executives, took place in the presence of the ministry's central executives, as well as general directors and representatives of the institutions under its supervision.