Trade & Exports

Import/export, trade agreements, customs, and international commerce

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"OPEC+" heads towards a new increase in oil production

Reuters reported from two informed sources that a coalition of seven member countries in the "OPEC+" alliance has preliminarily agreed ahead of the meeting scheduled for tomorrow, Sunday, to raise oil production targets by about 188,000 barrels per day in June. The increase in production is largely symbolic at this time, with most shipments through the Strait of Hormuz halted due to the U.S.-Israeli war against Iran, which is causing much greater disruption in the production of OPEC member countries compared to the targets agreed upon by the group. This increase is close to that approved last month, which was 206,000 barrels per day, after deducting the share of the UAE, which unexpectedly announced last week its decision to withdraw starting from the first...

May 2, 2026al24news.dz
OPEC+ Moves Towards New Increase in Oil Production

OPEC+ Moves Towards New Increase in Oil Production

Reuters reported that two informed sources said that a coalition of seven member countries in the OPEC+ alliance has tentatively agreed ahead of the meeting scheduled for tomorrow, Sunday, to raise oil production targets by about 188,000 barrels per day in June.

May 2, 2026al24news.dz
Around 188,000 barrels per day.. OPEC+ is heading for a slight increase in oil production during June

Around 188,000 barrels per day.. OPEC+ is heading for a slight increase in oil production during June

Two sources familiar with OPEC+ alliance trends reported that seven member countries have preliminarily agreed to raise oil production targets by about 188,000 barrels per day during June, ahead of the alliance's meeting scheduled for tomorrow, Sunday. According to information reported by Reuters, member countries continue to implement their plans despite the UAE's withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the alliance. Read the full content on Echourouk Online.

May 2, 2026echoroukonline.com
Trump's tariffs threaten the German automotive industry with billion-euro losses

Trump's tariffs threaten the German automotive industry with billion-euro losses

A study by the Kiel Institute for the World Economy estimated that the increase announced by U.S. President Donald Trump in tariffs on cars and trucks coming from the European Union could cost Germany production losses of about 15 billion euros, equivalent to 17.58 billion dollars. The economic institute explained, according to Reuters, that these estimates reflect the potential impact of U.S. tariff measures on European car imports, noting that the German automotive industry, which is one of the main pillars of the economy, has already incurred losses in billions of euros due to previous trade policies. Read the full content on الشروق أونلا...

May 2, 2026echoroukonline.com
Recommendations to Enhance the Smooth Management of Grain Carriers at Algerian Ports

Recommendations to Enhance the Smooth Management of Grain Carriers at Algerian Ports

A coordinating meeting involving the port services group 'SERPORT', the Algerian Professional Office of Cereals 'OAIC', and the 'LOGITRANS' company concluded yesterday, Friday, with a series of recommendations aimed at improving management effectiveness and ensuring the smoothness of port operations related to grain transport through Algerian ports. Participants called for enhanced cooperation among various stakeholders, the adoption of modern digital solutions, and the development of port infrastructure, which would allow for increased performance efficiency and reduced ship processing times, in support of national food security efforts and improving supply chain performance. Read the full content on Echourouk Online.

May 2, 2026echoroukonline.com
African Oil Producers Organization Reaffirms Support for OPEC

African Oil Producers Organization Reaffirms Support for OPEC

The Secretariat of the African Oil Producers Organization has renewed its support and solidarity with the Organization of the Petroleum Exporting Countries (OPEC), calling on member countries, especially those also part of the organization, to enhance their commitment to stabilizing the global oil market and maintaining cohesion, trust, and effective engagement within it. The organization stated in a press release that it has studied the state of the global oil market, which is characterized by geopolitical uncertainty, along with structural transformations in the energy sector and their implications for the economies of member countries, necessitating enhanced coordination among producers. Read the full content on Echourouk Online.

May 2, 2026echoroukonline.com
Agreement to Provide 800 Cars for Phosphate Transport via the Eastern Mining Line

Agreement to Provide 800 Cars for Phosphate Transport via the Eastern Mining Line

The National Railway Transport Company signed a partnership agreement with the National Company for the Construction of Railway Equipment and Materials to supply it with 800 specialized wagons for transporting phosphate of all types via the eastern mining line, which will increase transport capacity to 13.6 million tons annually. According to a statement from the company, this agreement is part of the ongoing preparations for the operation of the eastern mining line extending from Djebel El Anq, passing through Blad El Hadba and Tebessa, reaching Annaba. It aims to enhance the logistics transport system, especially in the field of transporting mineral materials, thereby supporting the effectiveness of supply chains related to the sector. Read the full content on Echourouk Online.

May 2, 2026echoroukonline.com
These procedures are mandatory for importers with exceptional licenses

These procedures are mandatory for importers with exceptional licenses

The Ministry of Foreign Trade and Export Promotion has requested that importing companies benefiting from exceptional licenses submit monthly reports detailing their imports, in a move aimed at organizing the process and ensuring closer monitoring. In this context, the Ministry of Foreign Trade and Export Promotion has ordered the companies concerned with exceptional import licenses to mandatorily send detailed periodic reports on completed operations, as part of a precise follow-up on this type of import related to management or equipment as well as services. According to a letter signed by the Secretary-General of the ministry, Abdel Salam Ghait, which was reviewed by 'Echorouk', under reference number '92', all company managers are required to...

May 1, 2026echoroukonline.com