Energy & Hydrocarbons

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

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Trade & Exports
The Implications of Closing the Strait of Hormuz on Trade and Container Prices

The Implications of Closing the Strait of Hormuz on Trade and Container Prices

The rental price of a container has risen from $5,000 to $20,000 for lines coming from Asia. The authorities' proactive approach aims to ensure market supply and avoid any major disruptions amid the tensions recorded in the Middle East and the accompanying disturbances at the Strait of Hormuz. Algeria is highlighted among the countries affected by these changes, with improvements in oil revenues and temporary challenges that may impact maritime transport and international trade. In this context, Ali Bay Nasri, Vice President of the National Association of Exporters, confirmed that the recent developments in the Middle East, particularly the closure of the Strait of Hormuz and the disruption of maritime navigation, have imposed new parameters on the global economy in general, and on Algeria in particular, given its position as an energy country.

Mar 4, 2026echoroukonline.com
Energy & Hydrocarbons
The Italian government reviews gas supplies.. and Algeria is at the forefront of concerns

The Italian government reviews gas supplies.. and Algeria is at the forefront of concerns

The Italian website HuffPost revealed that the Italian government is considering increasing its imports of natural gas from Algeria and Azerbaijan, in a move aimed at countering the impact of the Iranian crisis on energy supplies and securing local market needs. The source reported that Italian Prime Minister Giorgia Meloni held an urgent meeting with senior executives from Eni and Snam at Palazzo Chigi to review the situation and analyze the impact of tensions on energy markets and the economy, in addition to studying possible mitigation measures in the short and medium term. Read the full content on Echourouk Online.

Mar 4, 2026echoroukonline.com
Energy & Hydrocarbons
Experts from the OAPEC: The repercussions of military escalation in the Gulf will certainly impact the LNG market

Experts from the OAPEC: The repercussions of military escalation in the Gulf will certainly impact the LNG market

Experts from the Organization of Arab Petroleum Exporting Countries (OAPEC) warned about the repercussions of military escalation in the Gulf region on the LNG market, with expectations of prices rising to unprecedented levels. A report published today, Wednesday, by OAPEC, prepared by the organization's experts, regarding 'Disruptions in LNG shipping through the Strait of Hormuz', stated that the escalation of military actions in the Gulf region, starting ...

Mar 4, 2026al24news.dz
Energy & Hydrocarbons
AL24 | الاقتصاد

Iraqi authorities halt production at the southern Rumaila oil field due to rising stockpiles

The Iraqi Ministry of Oil and the Basra Oil Company decided on Tuesday to reduce production and pumping at the southern Rumaila field by 100 percent due to international political developments and the closure of the Strait of Hormuz. The company's operations authority stated in a statement that as a result of international political events and the subsequent closure of the Strait of Hormuz, disruption of international navigation, and the reluctance of oil tankers to enter the Gulf basin, along with the unavailability of tankers at southern ports and the suspension of loading at some storage facilities, it was decided to reduce production and pumping by 100 percent from the southern Rumaila field starting Tuesday evening. It also noted that all these factors have led to an increase in oil stockpiles in the storage facilities.

Mar 4, 2026al24news.dz
Energy & Hydrocarbons
Iraqi authorities halt production at the southern Rumaila oil field due to rising stock

Iraqi authorities halt production at the southern Rumaila oil field due to rising stock

The Iraqi Ministry of Oil and the Basra Oil Company decided on Tuesday to reduce production and pumping at the southern Rumaila field by 100 percent due to international political developments and the closure of the Strait of Hormuz. The company's operations authority stated in a statement that as a result of international political events and the subsequent closure of the Strait of Hormuz, international navigation has been disrupted and oil tankers have refrained from entering...

Mar 4, 2026al24news.dz