
America Grants Temporary Exemption for Selling Russian Oil to India for 30 Days - Iqtissad Al Balad
DZD economy aliqtissad dz Algeria economy news
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

DZD economy aliqtissad dz Algeria economy news

The economy of Algeria aliqtissad dz Algeria economy news

Economy Dz aliqtissad dz Algeria economy news

The price of oil today, Friday, March 6, recorded a decrease for the first time in six days, following an increase due to the American war on Iran and the accompanying threats. Read also – Wide repercussions on the global economy due to the American military strike on Iran. View the full content on الشروق أونلاين.

Kremlin spokesman Dmitry Peskov stated today, Friday, that 'Moscow is witnessing an increase in demand for Russian energy resources against the backdrop of the situation around Iran.' Peskov said, 'We are seeing a noticeable increase in demand for Russian energy resources and their carriers, against the backdrop of the situation around Iran.'

The average price of a gallon of regular gasoline in the United States jumped to $3.25, marking its highest level in 11 months, according to data from the American Automobile Association. Prices rose by 9% in just one week, from $2.98 per gallon, with warnings of continued increases as wholesale fuel costs rise. This surge is attributed to the sharp increase in oil prices …

A central official from the Ministry of Energy and Renewable Energies confirmed that a meeting will be held soon regarding the Southern Hydrogen Corridor 'South H2 Corridor'. Khalil Hedna, the communication director at the mentioned ministry, stated that Algeria will host the meeting in the coming months. The project aims to transport green hydrogen produced in Algeria to European countries. The meeting will bring together Algeria, Tunisia, Italy, Austria, and Germany to coordinate the necessary steps to implement the project.

A Qatari minister expects crude prices to reach 150 dollars per barrel if the closure of the Strait of Hormuz continues.

It ended its trading yesterday, Thursday, up more than 5%.

Oil prices fell today, Friday, for the first time in six days. By 02:51 GMT, Brent crude futures had dropped by $1.14 or 1.33% to $84.27 a barrel, while West Texas Intermediate crude futures fell by $1.46 or 1.8% to $79.55.

Oil prices jumped five percent today, continuing their gains as the US-Israeli war with Iran disrupted supplies and shipping operations, prompting several major producers to cut production. Brent crude rose by $4.01 or 4.93 percent to $85.41 per barrel at settlement, marking gains for the fifth consecutive session. West Texas Intermediate crude also increased...

The Center for Renewable Energy Development is participating with several economic institutions representing various sectors related to the renewable energy sector in Algeria, in the International Exhibition for Energy Transition 'Key – The energy transition Expo' held in Rimini, Italy, according to a statement from the center today, Thursday. On the occasion of its participation in this international event (March 4-6), which comes under the supervision of the General Directorate of Research […]