Energy & Hydrocarbons

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

Showing 2,305–2,316 of 3,003 articles
Energy & Hydrocarbons
Four years ago.. The biggest shake-up in the global gas market is expected

Four years ago.. The biggest shake-up in the global gas market is expected

Bloomberg warned that the widening conflict in the Middle East signals the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar stopped to avoid passing through the strait, while Asian buyers continued to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Watch the full content on Echourouk Online.

Mar 1, 2026echoroukonline.com
Energy & Hydrocarbons
Due to tensions in the Strait of Hormuz.. these are the scenarios for the global gas market

Due to tensions in the Strait of Hormuz.. these are the scenarios for the global gas market

Bloomberg warned that the widening conflict in the Middle East threatens to cause the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar have stopped to avoid passing through the strait, while Asian buyers continue to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Watch the full content on Echourouk Online.

Mar 1, 2026echoroukonline.com
Energy & Hydrocarbons
OPEC+ Considers Increasing Production by 411,000 Barrels Per Day, Brent Likely to Reach $100

OPEC+ Considers Increasing Production by 411,000 Barrels Per Day, Brent Likely to Reach $100

The OPEC+ alliance is considering increasing oil production by up to 411,000 barrels per day during its upcoming meeting today, Sunday, as Barclays raised its forecast for Brent crude prices to around $100 per barrel, following military attacks by the United States and the Zionist entity on Iran and the subsequent regional escalation that raised supply concerns. Two informed sources told Reuters that the alliance is likely to discuss at its scheduled meeting today, which includes eight members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies, including Russia, a larger production increase of 411,000 barrels per day amid recent geopolitical developments. Read the full content on الشروق ...

Mar 1, 2026echoroukonline.com
Energy & Hydrocarbons
Algeria's production will reach 977,000 barrels per day

Algeria's production will reach 977,000 barrels per day

Algeria's oil production will see an increase of 6,000 barrels per day starting in April, bringing production to 977,000 barrels per day. This follows a decision by Algeria and seven other countries in the 'OPEC+' alliance for a new collective production increase of 206,000 barrels per day. The increase will take effect starting next April. In a coordinating ministerial meeting, Algeria and the seven countries confirmed their commitment to a cautious approach to maintain market stability.

Mar 1, 2026radioalgerie.dz
Energy & Hydrocarbons
Arqab participates in the coordination meeting of the Group of Eight countries within OPEC+

Arqab participates in the coordination meeting of the Group of Eight countries within OPEC+

The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arqab, participated this Sunday via videoconferencing in the coordination meeting of the Group of Eight countries that signed the cooperation declaration (OPEC+) which implements voluntary production adjustments, namely: Algeria, Saudi Arabia, the United Arab Emirates, Iraq, Kazakhstan, Kuwait, Oman, and Russia, according to a statement from the ministry.

Mar 1, 2026radioalgerie.dz
Trade & Exports
Iran Closes Strait of Hormuz Amid Supply Chain Disruption Fears

Iran Closes Strait of Hormuz Amid Supply Chain Disruption Fears

The Iranian news agency Mehr reported that Iran has closed the Strait of Hormuz, which will paralyze navigation through it, especially for oil and gas tankers, as more than 20 million barrels of oil pass through it daily along with large quantities of liquefied natural gas. In addition to disrupting supply chains, over 11% of global trade passes through it.

Mar 1, 2026radioalgerie.dz
Energy & Hydrocarbons
Mazout and Half a Million Tons of Asphalt from the Augusta Refinery for Algeria in 2026

Mazout and Half a Million Tons of Asphalt from the Augusta Refinery for Algeria in 2026

The CEO of the Augusta refinery owned by SONATRACH in the Italian island of Sicily, Rosario Pistorio, revealed that the facility will supply the Algerian market with mazout in 2026, in addition to half a million tons annually of asphalt (bitumen) used in roads. He noted that SONATRACH has centralized all interests in Sicily with a unified command center, unlike the previous owner of the refinery (ExxonMobil) which had a fragmented structure for interests and services. The statements from the head of the Augusta refinery, who was reinstated a few days ago at the helm of the company, came through a video of a press interview conducted with him by the local news site

Feb 28, 2026echoroukonline.com
Energy & Hydrocarbons
Wide Implications for the Global Economy Due to the US Military Strike on Iran

Wide Implications for the Global Economy Due to the US Military Strike on Iran

Energy geopolitics specialist and oil and gas sector expert, Francesco Sassi, predicts that the US-Israeli war on Iran will have significant implications for supply chains and oil markets. On Friday, February 27, the price of oil reached $73 per barrel, marking its highest level since July of last year, just before the US strike on Iran. Read the full content on Echourouk Online.

Feb 28, 2026echoroukonline.com