Energy & Hydrocarbons

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

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Energy & Hydrocarbons
Around 188,000 barrels per day.. OPEC+ is heading for a slight increase in oil production during June

Around 188,000 barrels per day.. OPEC+ is heading for a slight increase in oil production during June

Two sources familiar with OPEC+ alliance trends reported that seven member countries have preliminarily agreed to raise oil production targets by about 188,000 barrels per day during June, ahead of the alliance's meeting scheduled for tomorrow, Sunday. According to information reported by Reuters, member countries continue to implement their plans despite the UAE's withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the alliance. Read the full content on Echourouk Online.

May 2, 2026echoroukonline.com
Energy & Hydrocarbons
African Oil Producers Organization Reaffirms Support for OPEC

African Oil Producers Organization Reaffirms Support for OPEC

The Secretariat of the African Oil Producers Organization has renewed its support and solidarity with the Organization of the Petroleum Exporting Countries (OPEC), calling on member countries, especially those also part of the organization, to enhance their commitment to stabilizing the global oil market and maintaining cohesion, trust, and effective engagement within it. The organization stated in a press release that it has studied the state of the global oil market, which is characterized by geopolitical uncertainty, along with structural transformations in the energy sector and their implications for the economies of member countries, necessitating enhanced coordination among producers. Read the full content on Echourouk Online.

May 2, 2026echoroukonline.com
Energy & Hydrocarbons
Oil: Brent crude at $112 per barrel

Oil: Brent crude at $112 per barrel

Oil prices rose this Friday by more than a dollar. In trading, July Brent crude futures increased by $1.19, or 1.08%, to reach $111.59 per barrel. West Texas Intermediate futures also rose by 39 cents, or 0.37%, to record $105.46 per barrel.

May 1, 2026radioalgerie.dz
Energy & Hydrocarbons
African and Global Ranking: Algeria's Position Among the Countries with the Lowest Fuel Prices in April 2026

African and Global Ranking: Algeria's Position Among the Countries with the Lowest Fuel Prices in April 2026

In April 2026, Algeria recorded a low fuel price of $0.355 per liter, ranking third in Africa and sixth globally among countries with the lowest fuel prices, according to data from GlobalPetrolPrices. Meanwhile, the global average price slightly increased to $1.49 per liter from $1.48 in March. According to the site's data, Libya topped the African and global list with the lowest price of $0.024 per liter, followed by Angola at $0.327, and then Algeria in third place in Africa. View the full content on الشروق أونلاين.

Apr 30, 2026echoroukonline.com