Energy & Hydrocarbons

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

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Oil and gold prices experience sharp fluctuations in global markets

Oil and gold prices experience sharp fluctuations in global markets

Global markets witnessed a volatile and sharp start to the week, with oil prices rising significantly while gold prices fell, amid renewed direct military confrontations between the United States and Iran, raising increasing concerns about the security and safety of energy supplies through the Strait of Hormuz. This coincided with ongoing economic forecasts of an increase in U.S. interest rates, with Brent crude futures rising by 0.9 percent to reach $73.27 per barrel by 6:25 AM GMT, while West Texas Intermediate crude rose by 1.2 percent, recording $70.04 per barrel.

Jun 29, 2026echoroukonline.com
Energy: Ajal on a Business Visit to Côte d'Ivoire

Energy: Ajal on a Business Visit to Côte d'Ivoire

The Minister of Energy and Renewable Energies, Mourad Ajal, began a two-day business visit to Abidjan on Monday, as part of continuing to strengthen Algerian-Ivorian bilateral cooperation, which has seen remarkable dynamics in recent months, according to a statement from the ministry.

Jun 29, 2026radioalgerie.dz
Arqab Receives Norwegian Deputy Minister of Energy

Arqab Receives Norwegian Deputy Minister of Energy

On Monday in Algiers, Minister of State, Minister of Energy, Mohamed Arqab, received the Norwegian Deputy Minister of Energy, Snorre Eriksen Sætre, where they discussed ways to enhance bilateral cooperation, evaluating the current cooperation between SONATRACH and the Norwegian 'Equinor', and reviewed prospects for its advancement in the fields of research, exploration, development, and production of hydrocarbons, according to a statement from the ministry.

Jun 29, 2026radioalgerie.dz
ECOTIMES

Gas Flaring: What Algeria Would Gain by Ending It

Associated gas flaring reached its highest level since 2019 in 2025, according to the latest World Bank report on the subject (Global Gas Flaring Tracker, June 2026). Worldwide, 167 billion m3 of gas were flared last year, an increase of 6% year-on-year and for the third consecutive year. By B. Kheireddine This lost resource, valued at nearly 54 billion dollars, exceeds the annual LNG exports passing through the Strait of Hormuz and is equivalent to the gas consumption of the entire African continent. Indeed, nine countries concentrate 83% ...

Jun 28, 2026ecotimesdz.com
Minister of Hydrocarbons Receives President of Iranian Company “Farayand”

Minister of Hydrocarbons Receives President of Iranian Company “Farayand”

On Sunday, Minister of State and Minister of Hydrocarbons Mohamed Arkab received the President of the Iranian company “Farayand”, Faramarz Ekhtirani. The meeting was attended by the President of the Hydrocarbons Regulatory Authority, Amin Ramini, and sector officials. The meeting provided an opportunity to discuss prospects for cooperation and investment between SONATRACH and the Iranian company in the fields of oil and gas production, industrial engineering, and energy project implementation. It also addressed partnership opportunities in various areas: Read the full content on Echourouk Online...

Jun 28, 2026echoroukonline.com
Aqrab discusses with his Nigerien counterpart the latest developments of SONATRACH's activities in Niger

Aqrab discusses with his Nigerien counterpart the latest developments of SONATRACH's activities in Niger

The Minister of State, Minister of Hydrocarbons, Mohamed Aqrab, reviewed with the Minister of Petroleum of the Republic of Niger, Hamadou Tini, the reality and prospects of bilateral cooperation between Algeria and Niger in the field of hydrocarbons, in addition to discussing ways to enhance and develop it. According to what the Ministry of Hydrocarbons reported, the two parties discussed during the meeting held today, Sunday, June 28, via videoconference, the latest developments of SONATRACH's activities in Niger, particularly at the oil field in the Kafra block, following the signing of the ...

Jun 28, 2026echoroukonline.com