Energy & Hydrocarbons

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

Showing 2,197–2,208 of 3,003 articles
Energy & Hydrocarbons
Kuwait Petroleum Corporation Announces Precautionary Oil Production Cut

Kuwait Petroleum Corporation Announces Precautionary Oil Production Cut

The Kuwait Petroleum Corporation announced today, Saturday, the implementation of a precautionary cut in its oil production in light of Iranian attacks and threats in the Strait of Hormuz. The Kuwaiti corporation stated in a statement: “In light of the repeated and unlawful assaults by the Islamic Republic of Iran against the State of Kuwait, including Iranian threats against the safe passage of ships through the Strait of Hormuz, the corporation has implemented a cut …

Mar 7, 2026al24news.dz
Energy & Hydrocarbons
Expectations of Rising Oil Prices and American Moves to Contain the Situation

Expectations of Rising Oil Prices and American Moves to Contain the Situation

The State Security Service in Azerbaijan announced today, Saturday, that it has thwarted sabotage activities targeting a major oil pipeline (Baku-Tbilisi-Ceyhan) that runs through the South Caucasus to Turkey, transporting oil to Europe and ensuring one-third of Israel's imports. Targeting this pipeline leads to another increase in global energy prices. Oil prices have risen by about 30% since the beginning...

Mar 7, 2026al24news.dz
Energy & Hydrocarbons
The war on Iran drives American oil prices to their highest levels since 2020

The war on Iran drives American oil prices to their highest levels since 2020

Heavy crude oil prices on the American Gulf Coast continued to rise, reaching their highest levels since April 2020, due to the war on Iran which led to production cuts from several oil producers in the Middle East, prompting buyers to heavily turn to American oil. According to trading data, Brent crude stabilized at $92.99 per barrel this Saturday at 11:00 GMT, the highest level since October 2023, with the ongoing impact of the effective closure of the Strait of Hormuz forcing countries like Iraq to cut production, in addition to the additional production cuts announced by Kuwait, contributing to the strengthening of American sour oil prices. شاهد المحتوى كام...

Mar 7, 2026echoroukonline.com
Energy & Hydrocarbons
If the Strait of Hormuz remains closed.. these are the energy market scenarios for the next 3 months

If the Strait of Hormuz remains closed.. these are the energy market scenarios for the next 3 months

Continued disruptions in the Strait of Hormuz for several months could lead to oil losses ranging from 315 million barrels to 1.38 billion barrels, and an increase in Brent crude prices to levels exceeding $100 per barrel, with liquefied natural gas prices in Europe rising to around €65 per megawatt-hour in the worst-case scenario. The strait controls the passage of about 25% of global maritime oil trade and 20% of liquefied natural gas trade, making markets vulnerable to sharp fluctuations if the disruption continues. Read the full content on Echourouk Online.

Mar 7, 2026echoroukonline.com
Sustainability & Green Economy
Southern Hydrogen Corridor.. Upcoming Coordination Meeting in Algeria to Accelerate the Project

Southern Hydrogen Corridor.. Upcoming Coordination Meeting in Algeria to Accelerate the Project

Algeria will host a coordination meeting in the coming months that includes representatives from 5 countries involved in the Southern Hydrogen Corridor project, namely Algeria, Tunisia, Italy, Austria, and Germany, to discuss the mechanisms for implementing this project aimed at transporting green hydrogen produced in Algeria to Europe. Khalil Hedna, Director of Information and Communication at the Ministry of Energy and Renewable Energies, stated in an interview with Algerian radio that this meeting, organized by the Ministry of Energy in Algeria, will bring together various participating parties to coordinate on the practical steps for completing this project, which aims to enhance the energy transition in the region and develop clean energy exports. Watch...

Mar 7, 2026echoroukonline.com