
Hydrocarbons: Oil production will reach 1 million barrels in August
Algeria crosses the symbolic threshold of one million barrels/day. Analysis of prices, OPEC+, and prospects.
Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Algeria crosses the symbolic threshold of one million barrels/day. Analysis of prices, OPEC+, and prospects.

In the face of a demand that could exceed 22,000 MW this summer, the public group is strengthening its production capacity, modernizing its networks, and focusing on solar. Sonelgaz expects a consumption peak of up to 22,150 MW and accelerates the deployment of 1,100 MW of solar to secure the summer.

Algeria - The CEO of SONATRACH, Nour Eddine Daoudi, emphasized the 'utmost' importance of strict adherence to health, safety, and environmental requirements at production facilities, according to a statement from the public group issued today, Saturday.

Algeria - Minister of Communication, Zohair Bouamama, highlighted today, Saturday in Algiers, the role of media in promoting the culture of energy consumption rationalization among citizens and instilling behaviors that would preserve national resources.

The CEO of SONATRACH, Nourredine Daoudi, emphasized the 'utmost' importance of strict adherence to health, safety, and environmental requirements at production facilities. This came during a work visit and inspection he conducted last Thursday to the Arzew refinery in Oran province following the incident that occurred at the 5-liter final oil filling unit with a capacity of 3900, aimed at assessing the situation on-site and closely examining the circumstances of the incident, according to what the Algerian news agency reported from a statement issued by the group on Saturday, July 11.

Algeria aims to increase its solar and renewable energy capacity to 15 gigawatts by 2035, having already begun implementing an initial program to develop 3.2 gigawatts through the launch of up to 20 utility-scale projects distributed across 12 provinces. These steps come to meet the growing local demand, reduce carbon emissions, and free up larger quantities of natural gas for export, amid sector assurances that achieving these goals requires accelerating investments and transitioning to an Independent Power Producers (IPP) model to open the market to the private sector and global companies. Read the full content on الشروق أونلاين.

The International Energy Agency has lowered its forecast for the contraction of global oil demand in 2026 to one million barrels per day, compared to 1.1 million barrels per day in its previous estimates, with an expected average global consumption of 103.5 million barrels per day, according to the agency's latest report released yesterday, Friday. The agency predicted that global oil demand would begin to recover during the fourth quarter of this year with an increase of 1.2 million barrels per day, after a sharp decline during the first half of the year, and it also anticipated an increase in demand of about two million barrels per day in 2027, despite the growth rate remaining below historical averages. View the full content on الشروق أونلاين

The CEO of SONATRACH, Nourredine Daoudi, emphasized the 'utmost' importance of strict compliance with health, safety, and environmental requirements at production facilities, according to a statement from the public group issued today, Saturday.

Algeria maintained its position as the largest supplier of natural gas to Spain in 2026, with exports reaching 13,367 gigawatt-hours in May, marking an increase of 64.2% compared to the same period last year, capturing 42.7% of total Spanish gas imports during the month, according to the Spanish newspaper 'La Razón' based on data from the Spanish Strategic Petroleum Reserves Agency. The newspaper noted that Algeria strengthened its leadership in the Spanish market during the first five months of the year, with exports totaling 53,770 gigawatt-hours between January and May, an annual increase of 8.6%, thus remaining the main gas supplier...

The global capacity for liquefied natural gas reached approximately 524.5 million tons annually by the end of 2025, marking a growth of 30.1 million tons per year compared to the previous year, supported by the commissioning of new projects in the United States, Canada, and other regions. Algeria ranked seventh globally with an operational capacity of 25.5 million tons per year. A recent report from the International Gas Union, reviewed by the specialized Energy Research Unit, indicated that the enhancement of global liquefaction capacities coincided with new projects totaling 68.4 million tons per year receiving final investment decisions, the highest level since 2019. View the full content on الشروق أونلاين...

The global capacity for liquefied natural gas reached approximately 524.5 million tons annually by the end of 2025, marking a growth of 30.1 million tons annually compared to the previous year, supported by the commissioning of new projects in the United States, Canada, and other regions. Algeria ranked seventh globally with an operational capacity of 25.5 million tons annually. A recent report from the International Gas Union, reviewed by the specialized Energy Research Unit, indicated that the enhancement of global liquefaction capacities coincided with new projects totaling 68.4 million tons annually receiving final investment decisions, the highest level since 2019. View the full content on الشروق أونلاين...

On Thursday, oil prices recorded a decline of about 2 percent at settlement. Brent crude futures fell by $1.72 or 2.2 percent at settlement, reaching $76.30 per barrel. Meanwhile, West Texas Intermediate futures dropped by $1.44 or 1.96 percent, reaching $72.08 per barrel.