
Oil surpasses $100 per barrel
Oil prices exceeded $100 per barrel this Monday morning.
Import/export, trade agreements, customs, and international commerce

Oil prices exceeded $100 per barrel this Monday morning.

Oil prices jumped more than 7 percent, surpassing the $100 per barrel mark, as geopolitical tensions escalated following the United States' announcement of its intention to control shipping traffic in the Strait of Hormuz, a move that could restrict Iranian oil exports. According to trading data, Brent crude futures rose by $6.71, equivalent to 7.05 percent, reaching $101.62 per barrel by 07:54, after ending Friday's trading down by 0.75 percent. View the full content on Echourouk Online.

The 23rd edition of the professional food industries exhibition 'Ghazagro' was inaugurated with the participation of about 700 Algerian and foreign exhibitors representing 28 countries, reflecting the strong international presence of this economic event specialized in the food industries sector. The national pavilion includes more than 150 Algerian companies, alongside notable foreign participation led by companies from Italy, Turkey, China, and Germany, showcasing the latest food industry equipment, as well as processing, packaging, and labeling solutions. Read the full content on Echourouk Online.

Following Trump's announcement of a blockade on Iran.

Oil prices exceeded $100 a barrel this Monday morning. Brent crude futures rose by $7.11 or 7.47% to $102.31 a barrel by 22:04 GMT, after a 0.75% decline at Friday's settlement. West Texas Intermediate crude recorded $104.43 a barrel, up $7.86 or 8.14% after a 1.33% drop in the previous session.

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, who launched the initiative the day before yesterday.

The African Export-Import Bank (Afreximbank) announced strong financial results for the 2025 fiscal year, showing a total of assets and commitments.

The objective is ambitious, the schedule tight. According to the official Belarusian agency BELTA, President Alexander Lukashenko has officially set the bar.

Algeria - The 23rd edition of the professional salon of food industries 'Jazagro' was inaugurated today, Sunday, in Algiers, at the Palais des Expositions in El-Madania, with the participation of about 700 Algerian and foreign exhibitors representing 28 countries.

DZD economy aliqtissad dz Algeria economy news

After about a month and a half of the ongoing war in the Middle East and its repercussions on global energy markets, this situation has resulted in what can be considered a triple harvest of Algerian gas on the international level, related to the price of additional quantities exported, improved pricing conditions in contracts, and the linkage of contractual prices to the rise in crude oil prices which reached record levels. This has opened the door for Algeria's hard currency revenues to grow through three sources solely via natural gas. The first aspect is the offering of additional quantities of gas in the international market, according to current market prices and not according to their price in long-term contracts, as confirmed by Spanish media.

DZD economy aliqtissad dz Algeria economy news