
Oil Prices After the Strait of Hormuz Ceasefire
The repercussions of the war in the Middle East continue to cast shadows over the markets.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

The repercussions of the war in the Middle East continue to cast shadows over the markets.

Oil prices have fallen below $100 per barrel, with Brent crude dropping by $14.84, or 13.6%, to reach $94.43 per barrel. Meanwhile, the price of West Texas Intermediate crude has decreased by $16.13, or 14.3%, to reach $96.82 per barrel.

South Korea has decided to send special envoys to Algeria, Saudi Arabia, and Oman to secure

The Minister of Energy and Renewable Energies, Mourad Ajjal, chaired a meeting with several key officials in his ministry and the officials of the National Agency for the Development of Energy Use and Rationalization (Aprue) today, Tuesday. The agenda of the meeting addressed the study and examination of several files related to the development of the sector, particularly the energy efficiency file, according to the ministry's statement. During the meeting held at the ministry, it was ...

The Spanish newspaper “La Razón” revealed that Algeria achieved a record increase in crude oil imports to Spain of 186.7% during February, marking the largest increase among major suppliers. The newspaper reported that this increase comes amid a decline in total oil imports by 12.7%, stabilizing at 4.43 million tons on a yearly basis, according to data from the Strategic Reserves of Oil Products (Cores). View the full content on Echourouk Online.

The Spanish newspaper “La Razón” revealed that Algeria achieved a record increase in crude oil exports to Spain of 186.7% during February, marking the largest increase among major suppliers. The newspaper reported that this increase comes amid a 12.7% decline in total oil imports, stabilizing at 4.43 million tons on a yearly basis, according to data from the Strategic Reserves of Oil Products (Cores). View the full content on Echourouk Online.

The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Aqrab, discussed with the Mauritanian Minister of Oil and Energy, Mohamed Ould Khaled, ways to enhance bilateral cooperation in the hydrocarbons sector, focusing on supporting exploration and production projects in Mauritania and expanding partnership across various stages of the value chain, from exploration to transportation, conversion, and marketing, alongside developing the oil and gas industry through knowledge transfer and training programs. According to a statement from the relevant ministry, Aqrab confirmed during the talks Algeria's readiness, through the SONATRACH group, to accompany the Mauritanian side and share its technical expertise, contributing to enhancing the capabilities of the energy sector in Mauritania and supporting its development. Read the full content on...

It was importing 120 barrels per day in 2025.

The Secretary of State to the Minister of Hydrocarbons and Mines, in charge of Mines, Mrs. Karima Bakir Tafer, received,

As the war in Iran disrupts the global energy order, Algeria finds itself in a rare strategic position — that

Algerian crude oil production is approaching the 1 million barrels/day mark with the increase in Algeria's quota

Algeria - The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arqab, held talks today, Monday, in Algiers, with the Mauritanian Minister of Oil and Energy, Mohamed Ould Khaled, on ways to enhance cooperation relations in the field of hydrocarbons, particularly through supporting exploration and production projects in Mauritania, according to a statement from the ministry.