Oil, gas, petrochemicals, Sonatrach, and energy sector developments
The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, participated via videoconferencing in the coordination meeting of the Group of Eight.
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Reuters reported that three delegates from the OPEC+ alliance indicated that the group is set to keep oil production levels unchanged during its meeting today, Sunday, despite the halt of Venezuelan supplies to global markets. This meeting comes after oil prices fell by more than 18% during 2025, marking the largest annual drop since 2020, amid growing concerns of an oversupply in the global market. Read the full content on Echourouk Online.
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Delegates from OPEC+ have suggested that the alliance will keep oil production levels unchanged during its meeting today, Sunday, despite recent tensions and developments. Today's meeting of eight members of the OPEC+ alliance, which pumps about half of the world's oil, comes after oil prices fell by more than 18 percent in 2025, marking the largest annual decline since...
al24news.dzDelegates from OPEC+ have suggested that the alliance will keep oil production levels unchanged during its meeting today, Sunday, despite recent tensions and developments. Today's meeting of eight members of the OPEC+ alliance, which pumps about half of the world's oil, comes after oil prices fell by more than 18 percent in 2025, marking the largest annual decline since...
al24news.dz
Venezuelan oil exports are experiencing a complete halt amid escalating political unrest and tightened U.S. sanctions, according to four informed sources, confirming that Venezuelan ports have not received any requests allowing loaded ships to leave the country. This paralysis comes after exports fell to their lowest levels, following U.S. President Donald Trump's announcement of a comprehensive blockade on all oil tankers subject to sanctions entering or leaving Venezuelan territorial waters. Trump confirmed on Saturday that an 'oil embargo' on Venezuela is now fully in effect. Read the full content on Echourouk Online.
echoroukonline.com
Algeria and seven other countries in the OPEC+ alliance confirmed on Sunday their decision to freeze gradual increases in oil production during the first quarter of the current year 2026. This came during a ministerial meeting, via remote video conferencing, that included the eight member countries of OPEC+ (the Organization of the Petroleum Exporting Countries and its allies outside the organization), which implemented voluntary production cuts starting from April 2023.
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Motorists were unpleasantly surprised by a sudden increase in fuel prices at the pump, and
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Algeria - The National Company for Marketing and Distribution of Petroleum Products (Naftal) has called on fuel and liquefied petroleum gas transporters contracted with it to immediately resume the supply and distribution of products, warning of the possibility of terminating their contracts and legal action if the activity is not resumed.
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Economy DZD aliqtissad dz Algeria economy news
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The American military escalation against Venezuela, coinciding with the detention of its president and his wife, has highlighted deeper economic dimensions that go beyond political considerations, amid indications that the crisis represents an extension of an American strategy aimed at controlling Venezuelan oil resources and reintegrating them into Washington's economic orbit. This escalation is expected to directly impact the Venezuelan economy through further declines in oil production and exports, which constitute the primary source of hard currency. Watch the full content on الشروق أونلاين
echoroukonline.com
The National Company for the Marketing and Distribution of Petroleum Products (Naftal) has urged fuel and liquefied petroleum gas carriers contracted with it to resume supply immediately. In a statement today, Saturday, Naftal warned of the possibility of terminating the carriers' contracts and pursuing them legally if they do not resume operations. In a letter addressed to these carriers, Naftal recorded a 'breach of contractual obligations.'
radioalgerie.dz
Following their refusal to guarantee the supply of fuel and liquefied petroleum gas depots and the distribution of products since December 31, 2025.
elkhabar.com