
"Hormuz Strait" Raises Risks of Disruption in Global Oil Exports and Disturbs Prices - Iqtissad Al Balad
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The technical team of the Sonelgaz group in the Nigerien capital Niamey held coordination meetings and field inspections in preparation for the launch of the electricity production plant project for the Nigerien electricity company 'NIGELEC', according to a statement from the public group on Saturday. The first day of the visit, which began on Friday, included a coordination meeting with the Secretary General of the relevant Nigerien ministry, during which arrangements were made...

The technical team of the Sonelgaz group in the Nigerien capital Niamey conducted coordination meetings and field inspections in preparation for the launch of the electricity production plant project for the Nigerien electricity company 'NIGELEC', according to a statement from the public group today, Saturday. The first day of the visit, which began yesterday, Friday, included a coordination meeting with the Secretary General of the Nigerien ministry in charge, during which arrangements were made...

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Four trading sources told Reuters on Saturday that some major oil and trading companies have suspended shipments of crude oil and fuel through the Strait of Hormuz amid ongoing U.S. and Israeli attacks on Iran and Tehran's response. A senior executive at a trading company said, 'Our ships will remain in place for several days.' The United States and Israel launched a military attack on Iran today, …

The OPEC+ alliance is likely to consider a larger increase in oil production against the backdrop of ongoing developments in the Middle East and the military attacks by the United States and Israel on Iran, which responded with missile strikes, and the possibility that the situation may continue for days. Two sources familiar with the OPEC+ alliance talks told Reuters that the group may consider a larger increase in production...

Two sources familiar with OPEC+ coalition talks stated that the group may consider a larger increase in oil production, after Saudi Arabia and the UAE raised their exports in anticipation of any potential supply disruptions due to the U.S. and Israeli attack on Iran. Reuters reported that eight OPEC+ members, namely Algeria, Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, and Oman, are scheduled to meet tomorrow, Sunday, at 11:00 GMT to discuss production levels. Read the full content on Echourouk Online.

Algeria has gained additional financial benefits as oil prices rose to around $72 per barrel, an increase of $12 from the reference price set in the 2026 finance law at $60 per barrel. Barclays Bank has suggested the possibility of Brent crude rising to $80 in the event of significant disruptions in global supplies. The current price level means direct support for oil revenues, with expectations of further increases in revenues if the bank's estimates are realized, which could raise the difference to about $20 additional per barrel compared to the reference used in the budget. Read the full content on الشروق أونلاين.

The technical team of SONELGAZ, located in the capital of Niger, Niamey, conducted coordination meetings and field inspections in preparation for the launch of the electricity production station project for the benefit of the Nigerien electricity company 'NIGELEC', according to a statement from the public group this Saturday. The first day of the visit, which began yesterday, Friday, included a coordination meeting with the Secretary General of the relevant Nigerien ministry, during which a joint work plan was established and two field teams were formed, comprising representatives from SONELGAZ, the ministry, and 'NIGELEC', aimed at accelerating the pace of implementation and ensuring harmony among the various stakeholders.

After making 78 discoveries in five years, the national oil company plans to intensify its exploration efforts between 2026 and

Oil prices were on the rise yesterday, Friday. An increase justified by the negotiations between Iran and

On Friday, February 27, a team of experts from the SONELGAZ group arrived to begin field inspections for the construction of an electricity production plant for the Nigerien electricity company 'NIGELEC'. According to the group's statement, the technical team will start field studies to assess the readiness of the designated site by examining the available infrastructure, studying the conditions for connecting to the electrical grid, and verifying the site's compliance with the adopted technical standards, in preparation for launching the construction works according to the highest quality standards. Read the full content on Echourouk Online.