Trade & Exports

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

Showing 2,425–2,436 of 3,332 articles
Trade & Exports
Trump threatens to cut trade with Spain after refusal to use its bases against Iran

Trump threatens to cut trade with Spain after refusal to use its bases against Iran

U.S. President Donald Trump threatened to impose a complete trade ban on Spain and cut all trade relations with it, following the Spanish government's refusal to allow the U.S. military to use the Rota and Morón bases for operations related to strikes on Iran, in an unprecedented escalation between the two NATO ally countries. Trump stated during his meeting with German Chancellor Friedrich Merz at the White House that Spain's position is 'very bad,' announcing that he asked Treasury Secretary Scott Pruitt to 'stop all dealings' with it. He added: 'We will cut all trade relations with Spain. We do not want any relationship with it,' emphasizing that he has 'the right to stop all business related to Spain and impose a ban' if he sees fit.

Mar 4, 2026echoroukonline.com
Energy & Hydrocarbons
Continued Rise in Oil Prices

Continued Rise in Oil Prices

Oil prices continued to rise this Wednesday, amid concerns about supplies. Brent crude futures rose by $1.11 per barrel, or 1.4 percent, reaching $82.53 per barrel, after recording the highest closing level since January 2025 yesterday, Tuesday. West Texas Intermediate crude rose by 79 cents, or 1.1 percent, to $75.37 per barrel, marking its highest settlement level since January 2025.

Mar 4, 2026radioalgerie.dz
Energy & Hydrocarbons
The additional quantities of gas for partners will be according to current prices

The additional quantities of gas for partners will be according to current prices

Algeria will respect its share within OPEC+ despite rising demand. The current situation will push prices towards $150 per barrel. The quality of Algerian oil makes it exceed Brent by $4 to $6. Energy expert Baghdad Mendoush explains the potential implications of the ongoing war in the Middle East on Algeria from an energy perspective, confirming that European partners, if they want additional quantities of Algerian gas via pipelines, are forced to negotiate with SONATRACH according to current market prices, not the old prices stipulated in long-term contracts. In this context, expert Mendoush noted in a statement to 'Echorouk' that the closure of the Strait of Hormuz will lead to a shortage of 20 million...

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
Oil prices rise by more than 4% with Brent trading above $81

Oil prices rise by more than 4% with Brent trading above $81

Oil prices saw a significant increase during trading on Tuesday in Asian markets, driven by growing concerns about the economic repercussions of conflicts in the Middle East. By 08:00 GMT, the price of a barrel of North Sea Brent crude rose by 4.41 percent to reach $81.17, while West Texas Intermediate crude increased by 3.99 percent to $74.07.

Mar 3, 2026al24news.dz
Energy & Hydrocarbons
The Hormuz Strait Crisis Drives European Energy Prices to Their Highest Levels Since 2015

The Hormuz Strait Crisis Drives European Energy Prices to Their Highest Levels Since 2015

The Spanish newspaper 'La Razón' reported that natural gas prices in the European market nearly doubled within 48 hours, following the Iranian threat to close the Hormuz Strait and the escalation of attacks in the Arabian Gulf region, leading to a sharp rise in global energy markets. According to the newspaper, the price of natural gas in Europe rose by 24% today, exceeding 57 euros per megawatt/hour, which represents nearly double its value in just two sessions, amid fears of supply disruptions through the strait that carries about a third of the world's gas and oil trade. Read the full content on Echourouk Online.

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
Shipping costs for oil reach record levels as navigation in the Strait of Hormuz halts

Shipping costs for oil reach record levels as navigation in the Strait of Hormuz halts

Global oil and gas shipping costs surged today, Tuesday, to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontation between the United States and Iran, and targeting of ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing gains from the six-year high recorded last week. View the full content on...

Mar 3, 2026echoroukonline.com
Energy & Hydrocarbons
After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

Today, Tuesday, global oil and gas shipping costs surged to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontations between the United States and Iran, and attacks on ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing its gains from the six-year high recorded last week. View the full content on...

Mar 3, 2026echoroukonline.com