
Brent crude exceeds $106 per barrel
Oil prices jumped by more than four dollars during trading on Thursday.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Oil prices jumped by more than four dollars during trading on Thursday.

Algeria continues to strengthen its position in the Arab and international LNG market, leading the production of liquefied petroleum gas among the member countries of the Organization of Arab Petroleum Exporting Countries (OAPEC), with a significant increase in its European exports during the first quarter of 2026. Data from the Energy Research Unit showed that Algerian LNG exports rose by 41% in March 2026, reaching 938,000 tons compared to 667,000 tons in February, marking the highest monthly rate since the beginning of the year. Read the full content on Echourouk Online.

AL24 News - Brent crude exceeds 106 dollars per barrel - news

The Minister of State, Minister of Energy and Mines, Mohamed Arkab, confirmed Algeria's commitment to supporting African countries in developing the energy sector by sharing expertise and enhancing cooperation in exploration, production, processing, and training. This was during his reception yesterday, Wednesday, of the Secretary General of the African Petroleum Producers Organization (APPO), Farid Ghazali. According to a statement from the relevant ministry, the meeting discussed ways to enhance cooperation between Algeria and the organization, especially in the fields of training, research, and development, as well as discussing developments in international energy markets and the prospects for African partnership in light of global energy transformations. Watch the full content on Echourouk Online.

The National Agency for the Valorization of Hydrocarbon Resources 'Naftal' announced April 19, 2026, as the official date for launching the new international tender 'Bid Round', which will include seven exploration areas, as part of the implementation of the national strategy for the valorization of hydrocarbon resources. The agency clarified in a statement that this phase represents an extension of the path previously launched and constitutes a structural step aimed at enhancing the exploitation of national resources according to a clear strategic vision. Read the full content on Echourouk Online.

During the month of March.

Oil prices jumped by more than four dollars during trading this Thursday. Brent crude futures rose by $4.88, or 4.8%, to reach $106.04 per barrel. Meanwhile, West Texas Intermediate crude futures increased by $4.17, or 4.2%, to record $104.29 per barrel.

On Tuesday, March 31, 2026, a high-level meeting was held at the headquarters of the Ministry of Hydrocarbons and

China's ability to cope with an energy shock has allowed its financial markets to perform

Algeria - The National Agency for the Valorization of Hydrocarbon Resources (Naftal) announced today, Wednesday in a statement, that the official date for launching the upcoming international tender 'Bid Round' will be April 19, 2026, explaining that this process will include seven exploration areas.

Algeria - Algeria and Tunisia discussed today, Wednesday in Algiers, ways to enhance bilateral cooperation in the fields of energy, hydrocarbons, mining, and renewable energies, focusing on electrical connectivity projects and the exploitation and transformation of phosphate products, according to a joint statement from the Ministries of Hydrocarbons, Mining, and Energy and Renewable Energies.

Algeria - The Minister of State, Minister of Energy and Mines, Mohamed Arqab, received today, Wednesday in Algiers, the Secretary General of the African Petroleum Producers Organization (APPO), Farid Ghazali, who is on a working visit to Algeria to participate in the eighth session of the Algerian Gas Industry Association, held on March 30 and 31.