
Oil: Brent crude at $98.90 per barrel
Oil prices fell in early trading this Monday. Brent crude futures dropped by $4.64 or 4.48 percent to $98.90 per barrel. West Texas Intermediate crude fell to $92.18 per barrel, down $4.42 or 4.58 percent.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Oil prices fell in early trading this Monday. Brent crude futures dropped by $4.64 or 4.48 percent to $98.90 per barrel. West Texas Intermediate crude fell to $92.18 per barrel, down $4.42 or 4.58 percent.

Algeria - The CEO of SONATRACH, Nourredine Daoudi, participated in the second edition of the Istanbul Natural Resources Summit (INRES 2026), according to a statement from the group today, Sunday.

Algeria - The SONELGAZ group, today Sunday in Algiers, discussed with the Tunisian Company of Electricity and Gas 'STEG' ways to expand bilateral cooperation and enhance the level of coordination and integration between the Algerian and Tunisian networks, allowing for the securing of energy needs, especially during the summer of 2026, according to a statement from the group.

Today, Sunday in Algiers, Sonelgaz Group discussed with the Tunisian Electricity and Gas Company 'STEG' ways to expand bilateral cooperation and enhance the level of coordination and integration between the Algerian and Tunisian networks, allowing for securing energy needs, especially during the summer of 2026, according to a statement from the group. This came during the reception of the acting general director of Sonelgaz, Abdelhamid Rais, by a high-level delegation.

The CEO of SONATRACH, Nourredine Daoudi, participated in the second edition of the Istanbul Natural Resources Summit (INRES 2026)

The economy of Algeria news.

The CEO of the Algerian SONATRACH Group, Nourredine Daoudi, participated in the second edition of the Istanbul Natural Resources Summit INRES. According to a statement from the group, the summit, organized under the theme: 'Energy and Natural Resources in a Changing World', was inaugurated by Turkish President Recep Tayyip Erdoğan, where the CEO of SONATRACH participated in the event as one of the speakers...

Economy of Algeria news

Figures and movements in Algeria's energy sector reveal a notable expansion of Algerian influence within the African continent, through a cooperation network that includes Egypt, Libya, Ivory Coast, Mozambique, Niger, Chad, and Mauritania, supported by oil, gas, and electricity projects that go beyond traditional trade exchanges towards long-term production and investment partnerships. According to a report from the specialized energy platform, a contract for the development of the Hassi Bir Rekaiz field has been signed with investments nearing one billion dollars, which includes the establishment of a central processing unit with a capacity of 31,500 barrels per day, along with facilities for processing gas and produced water, in a move that reflects the expansion of Algerian partnerships in production projects within the continent.

Study of new cooperation projects and mechanisms aimed at enhancing the bilateral partnership and strengthening integration between the two countries.

It confirmed its pivotal role in global energy security.

The SONELGAZ group discussed today, Sunday in Algiers, with the Tunisian Company for Electricity and Gas 'STEG', ways to expand bilateral cooperation and enhance the level of coordination and integration between the Algerian and Tunisian networks, allowing for securing energy needs, especially during the summer of 2026, according to a statement from the group.