Oil, gas, petrochemicals, Sonatrach, and energy sector developments
Oil prices fell during trading on Monday, affected by the prevailing wait-and-see attitude in the markets amid rapid geopolitical developments in the Middle East. October Brent crude futures dropped by 4.6 percent to settle at $83.89 per barrel. West Texas Intermediate crude for September delivery also fell by 5.7 percent, reaching $79.95 per barrel.
Oil prices fell today, Monday, amid market reactions to developments in the geopolitical situation in the Middle East. The price of Brent crude, delivery
The Algerian company for desalination, a subsidiary of SONATRACH, announced that the Cap Djinet 2 seawater desalination plant reached a cumulative production of 100 million cubic meters of desalinated water as of August 1, 2026, since it began operations. A statement from the company confirmed today, Monday, that this achievement reflects the continuous efforts of the plant's staff and their commitment to ensuring service continuity.
Gold prices rose today, Monday, as oil prices declined, easing some concerns about inflation and interest rate hikes. Gold climbed in trading.
The incident has been controlled with no human losses reported.
The figures speak for themselves: Algeria's coal consumption fell from 0.01 to 0.001 exajoule between 2024 and 2025, a decline of over 90% in just one year. Coal, which already represented only a marginal share of national energy supply, thus becomes an almost residual source, confined to rare occasional industrial uses. This disengagement is primarily explained by the fundamentals of the Algerian energy model. The country has considerable natural gas reserves, which cover most of the electricity needs and ali...
Algeria - Algeria and six other countries from the OPEC+ group decided today, Sunday, to raise their total production by 188,000 barrels per day starting from next September, while emphasizing the need for vigilance and continuous monitoring of developments in the global oil market.
The Minister of State, Minister of Energy, Mohamed Arkab, participated today, Sunday, in the ministerial meetings of the OPEC+ alliance, which resulted in new decisions regarding oil production levels for the participating countries, including Algeria. According to a statement from the relevant ministry, Arkab's participation in the two ministerial meetings of the seven countries involved in voluntary production cuts within the OPEC+ alliance and the Joint Ministerial Monitoring Committee (JMMC) was conducted via video conferencing, with the presence of the CEO of SONATRACH, Nourredine Daoudi, and the head of the National Agency for the Valorization of Hydrocarbon Resources, Abdelkader Cherfaoui. Read the full content on Echourouk Online.
The Algerian Minister of State and Minister of Energy, Mohamed Arkab, participated on Sunday via videoconference in the ministerial meetings dedicated to monitoring the implementation of evaluation mechanisms and following up on the decisions of the participating countries in the cooperation declaration (OPEC+). The meetings were attended by the CEO of SONATRACH, Nourredine Daoudi, and the acting head of the National Agency for the Valorization of Hydrocarbon Resources, Mr. Abdelkader Cherfaoui.
Algeria and six other countries from the OPEC+ group have decided to increase their total production by 188,000 barrels per day, starting from September.
The OPEC+ alliance is expected to approve a new increase in oil production today, Sunday. Reuters reported from sources that the OPEC+ alliance intends to approve an increase in production quotas by about 188,000 barrels per day starting from September, then suspend any additional increases in production, thereby completely canceling the voluntary reduction tranche. A delegate in OPEC+ and a source in the alliance mentioned that the group is likely to suspend production increases for the rest of the year after September, as the alliance engages in negotiations that may be difficult regarding new production quotas. The September increases would complete the gradual cancellation of a reduction tranche of 1.65 million barrels per day, originally agreed upon in ...
Arkab participates in the meeting of OPEC+ alliance countries.