Energy & Hydrocarbons

Oil, gas, petrochemicals, Sonatrach, and energy sector developments

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Oil rises by about 3 percent at settlement

Oil rises by about 3 percent at settlement

Oil prices rose by about three percent at settlement yesterday, Monday. Brent crude futures climbed $2.92 or 2.88 percent to $104.21 a barrel at settlement, while West Texas Intermediate crude increased $2.65 or 2.78 percent to $98.07 a barrel. Earlier in the session, Brent prices had risen to $105.99 a barrel and U.S. crude to $100.37. Both crude types recorded losses of about six percent last week.

May 12, 2026radioalgerie.dz
Access to data rooms will be available starting June 1

Access to data rooms will be available starting June 1

Algeria - The President of the National Agency for the Valorization of Hydrocarbon Resources (Alnaft), Samir Bakhti, confirmed that the data related to the international bidding round 'Algeria Bid Round 2026' for hydrocarbon exploration in seven new areas will be available starting June 1, 2026.

May 11, 2026aps.dz
Algeria and Germany Discuss Ways to Enhance Cooperation in the Fields of Energy and Fuels

Algeria and Germany Discuss Ways to Enhance Cooperation in the Fields of Energy and Fuels

The Secretary General of the Ministry of Fuels, Miloud Majeld, met today, Monday, May 11, with a high-level delegation from the Federal Republic of Germany to discuss ways to enhance bilateral cooperation and develop mutually beneficial partnerships in the fields of energy and fuels. According to the Ministry of Fuels, Majeld received the German delegation at the ministry's headquarters, led by Oliver Rentschler, the Director General in charge of Geo-economics at the German Federal Foreign Office, which includes officials from the German Foreign Ministry and the Ministry of Economy, along with several officials and representatives of major German energy and industrial institutions, such as 'Bosch', 'Siemens', and 'VNG', among others. View the full content on Echourouk Online.

May 11, 2026echoroukonline.com