Energy & Hydrocarbons

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

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Energy & Hydrocarbons
Iran War.. Algeria Prepares to Meet Arab Demand for Liquefied Gas

Iran War.. Algeria Prepares to Meet Arab Demand for Liquefied Gas

Algeria is preparing to enhance its presence in the global liquefied gas market by increasing its spot sales, as it is ready to redirect some shipments to Arab importing countries including Egypt, Kuwait, Jordan, and Bahrain, amid military tensions in the region and concerns over supply shortages. Informed sources for the specialized energy platform revealed that the Algerian government aims to seize pricing opportunities in the spot market, with operational preparations to increase the loading pace of shipments in the coming days, and to invest available production and liquefaction capacity to meet the expected rising demand in Asia, Europe, and the Middle East.

Mar 2, 2026echoroukonline.com
Energy & Hydrocarbons
Iran War.. More than 250 Tankers Stopped in the Gulf Amid Rising Tensions

Iran War.. More than 250 Tankers Stopped in the Gulf Amid Rising Tensions

Shipping data showed that more than 250 tankers and ships, including crude oil and liquefied natural gas tankers, have stopped in the open waters of the Gulf and on both sides of the Strait of Hormuz, following American and Israeli strikes on Iran and rising tensions in the region, prompting marine insurance companies to cancel war risk coverage starting March 5. The Omani Maritime Security Center reported yesterday, according to Reuters, that the oil tanker 'Sky Light' was attacked near the port of Khasab in Musandam, resulting in injuries to four crew members and the evacuation of all 20 people on board, including 15 Indians and five Iranians. View the full content on الشروق أونلاين

Mar 2, 2026echoroukonline.com
Energy & Hydrocarbons
Military Escalation in the Gulf Region: Oil and Gold Prices Reach High Levels

Military Escalation in the Gulf Region: Oil and Gold Prices Reach High Levels

Oil and gold prices have risen to high levels amid military escalation in the Gulf region. Reuters reported this Monday that 'Brent crude oil prices rose by 10.9 percent to touch $82 per barrel for the first time since June 23, 2025. The agency indicated that Brent crude prices are on a steady rise as tensions in the Gulf region escalate and crude oil shipments are disrupted. Gold prices also rose by 2 percent to reach $5,330 per ounce, according to Reuters figures.

Mar 2, 2026radioalgerie.dz