Energy & Hydrocarbons

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

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Southern Hydrogen Corridor: Why Algeria is the Most Reliable Option for Project Success

Southern Hydrogen Corridor: Why Algeria is the Most Reliable Option for Project Success

Algeria stands out as one of the most important and strongest candidates for the success of the Southern Hydrogen Corridor project towards Europe, thanks to its energy infrastructure and existing export networks, along with a strategic location within the renewable energy belt of the Sahara Desert, according to a recent report from the Energy Research Platform on the future of this European project. The report confirms that Austria has allocated 275 million euros (approximately 321.7 million dollars) to finance four national hydrogen projects, as part of its efforts to develop a southern corridor for transporting green hydrogen from North Africa through Italy to Central Europe, enhancing European competition to secure supplies. Read the full content on الشروق أونلاين

Apr 18, 2026echoroukonline.com
AL24 | الاقتصاد

International Energy Agency warns of rising energy prices if Strait of Hormuz closure continues

Fatih Birol, the executive director of the International Energy Agency, warned of rising oil and gas prices, and of jet fuel running out in Europe within six weeks if the Strait of Hormuz remains closed. In an interview with the Associated Press, Birol described the closure of the strait as the biggest energy crisis the world has ever seen, warning that developing countries in Latin America, Africa, and Asia would be the most affected, with many countries likely to transition from high inflation to recession if the strait is not opened by the end of May. Birol noted that allowing more than 110 oil tankers and 15 armed natural gas carriers to pass through the strait is not enough to resolve the crisis, especially since more than 80 of the assets are...

Apr 17, 2026al24news.dz
Brent crude at $98.05 per barrel

Brent crude at $98.05 per barrel

Oil prices fell in early trading this Friday. Brent crude futures dropped by $1.34, or 1.35 percent, to $98.05 per barrel. West Texas Intermediate crude futures also fell by $1.65, or 1.74 percent, to $93.40 per barrel, reducing the gains made in the previous session.

Apr 17, 2026radioalgerie.dz