Oil, gas, petrochemicals, Sonatrach, and energy sector developments
Oil prices varied at settlement yesterday, Thursday. Brent crude futures fell by 11 cents, or 0.12 percent, to $95.52 per barrel. U.S. West Texas Intermediate futures rose by 29 cents, or 0.32 percent, to $91.30. Both crude types recorded their highest levels in six weeks earlier in the session.
The Minister of Energy and Renewable Energies, Mourad Ajal, chaired a working meeting of the ministry's sectoral coordination committee, dedicated to discussing and following up on several priority files, particularly those related to launching the implementation and installation of off-grid solar energy units, and projects for establishing wind power plants, in addition to monitoring energy cooperation files with the Republic of Chad, the Republic of Benin, and the Republic of Niger, according to a statement from the ministry on Thursday.
The Algerian Minister of State, Minister of Energy, Mohamed Arkab, received a delegation from the American company 'KBR' (Kellogg Brown & Root) at his ministry's headquarters, discussing ways to enhance cooperation and partnership, according to a statement from the ministry. The discussions focused on the delegation, which included the Vice President of Business Development, Alpb Tugay Korum, and the Head of Sustainable Technology Solutions, Jay Ibrahim, in the presence of the CEO...
The Minister of Energy and Renewable Energies, Mourad Ajjal, chaired today, Thursday, at the ministry's headquarters, a meeting of the sectoral coordination committee dedicated to studying several files related to solar energy, wind energy, and energy cooperation with several African countries, according to a statement from the ministry.
Oil prices fell slightly today, Thursday, affected by developments in the prevailing geopolitical situation globally, especially in the Middle East. Futures contracts for Brent crude decreased by 0.45 percent to $95.20 per barrel. Futures contracts for West Texas Intermediate crude fell by 0.26 percent to $90.77.
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The Minister of Energy and Renewable Energies, Mourad Adjall, chaired a working meeting on electric mobility and consumption mechanisms according to time periods on Wednesday, according to a statement from the ministry.
The Minister of Energy and Renewable Energies, Dr. Mourad Ajjal, chaired a working meeting today, Wednesday, dedicated to discussing files related to the development of the national electrical system, primarily electric mobility and the project to adopt consumption based on time periods, with the aim of improving the management of electricity demand and rationalizing consumption. According to a statement from the relevant ministry, the meeting was attended by several officials and central sector executives, along with key officials from the SONELGAZ group and the Electricity and Gas Regulatory Commission (CREG). Watch the full content on Echourouk Online.
The report from the Organization of the Petroleum Exporting Countries (OPEC) for August 2026 highlights the ongoing transformations in the global oil market, as prices declined in July, while Algerian 'Sahara Blend' crude maintained its appeal to refineries, thanks to its technical characteristics and proximity to European markets. Demand forecasts are gradually improving for the last quarter of 2026 and 2027. According to OPEC's monthly report, the average OPEC reference basket (ORB) recorded a decline of $6.76 per barrel in July, a decrease of 7.5%, settling at $82.99 per barrel. The price of the benchmark Brent crude also fell to $83.97 per barrel, down by $0.46.
Algeria was included in the list of the largest oil deals witnessed in August 2026, through two deals with Niger that included the export of jet fuel and the joint marketing of Niger's milk crude, according to the monthly report prepared by the specialized energy platform, which monitored the most prominent oil deals in the region during the month. According to the report, SONATRACH began exporting its first shipments of Jet A1 jet fuel to Niger, starting from the Adrar refinery, in implementation of the sales contract concluded with SONIDEP, coinciding with the start of the joint marketing of Niger's milk crude.
German Minister Johann Wadephul visits Algiers to strengthen the energy partnership, particularly around green hydrogen