
OPEC+ decides to increase oil production by 206,000 barrels per day in April - Iqtissad Al Balad
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Economy DZD aliqtissad dz Algeria economy news

The eight countries of the OPEC+ alliance announced in a virtual meeting today, Sunday, an increase in oil production by 206,000 barrels per day in April. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman confirmed the adjustment of production and their commitment to market stability. A statement from the OPEC+ alliance today indicated that the eight countries, which had previously announced adjustments...

DZD economy aliqtissad dz Algeria economy news

Agricultural expert Lala Boukhalfa considered that Algeria's tender for purchasing sheep heads from Mauritania represents an opportunity to enhance trade relations between Algeria and Mauritania, pointing out that the process will be profitable for both countries due to good neighborliness and the possibility of facilitating transport, as well as its organized health framework according to a strict specifications document. Mauritania received the tender file on Friday from the Algerian ambassador in Nouakchott, Amin Said, who handed it over to the president of the Mauritanian Employers Union, Mohamed Zine El Abidine Cheikh, and called on economic actors in the livestock sector to participate in the tender. According to what was reported by the Mauritanian Independent News Agency.

Agricultural expert Lala Boukhalfa considered that Algeria's tender to purchase one million heads of Mauritanian sheep represents an opportunity to strengthen trade relations between Algeria and Mauritania, pointing out that the operation will be profitable for both countries due to good neighborliness and the possibility of facilitating transport, as well as its organized health framework according to a strict specifications document. Mauritania received the tender file on Friday from the Algerian ambassador in Nouakchott, Amin Said, who handed it over to the president of the Mauritanian Union of Employers, Mohamed Zine El Abidine Cheikh, and called on economic actors in the livestock sector to participate in the tender. According to what was reported by the Mauritanian Independent News Agency.

Bloomberg warned that the widening conflict in the Middle East signals the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar stopped to avoid passing through the strait, while Asian buyers continued to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Read the full content on الشروق أونلاين

Bloomberg warned that the widening conflict in the Middle East signals the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar stopped to avoid passing through the strait, while Asian buyers continued to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Watch the full content on Echourouk Online.

Bloomberg warned that the widening conflict in the Middle East threatens to cause the largest disruption in global gas markets since the Russian invasion of Ukraine in 2022, amid a near-total disruption of liquefied natural gas movement through the Strait of Hormuz, which accounts for about 20% of global LNG exports, threatening a sharp rise in prices, especially in Asia. According to Bloomberg, ship tracking data showed that at least 11 LNG carriers heading to or coming from Qatar have stopped to avoid passing through the strait, while Asian buyers continue to communicate with suppliers in the Middle East to check on the availability of alternative shipments in anticipation of any long-term disruption. Watch the full content on Echourouk Online.

The OPEC+ alliance is considering increasing oil production by up to 411,000 barrels per day during its upcoming meeting today, Sunday, as Barclays raised its forecast for Brent crude prices to around $100 per barrel, following military attacks by the United States and the Zionist entity on Iran and the subsequent regional escalation that raised supply concerns. Two informed sources told Reuters that the alliance is likely to discuss at its scheduled meeting today, which includes eight members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies, including Russia, a larger production increase of 411,000 barrels per day amid recent geopolitical developments. Read the full content on الشروق ...

Algeria's oil production will see an increase of 6,000 barrels per day starting in April, bringing production to 977,000 barrels per day. This follows a decision by Algeria and seven other countries in the 'OPEC+' alliance for a new collective production increase of 206,000 barrels per day. The increase will take effect starting next April. In a coordinating ministerial meeting, Algeria and the seven countries confirmed their commitment to a cautious approach to maintain market stability.

The Iranian news agency Mehr reported that Iran has closed the Strait of Hormuz, which will paralyze navigation through it, especially for oil and gas tankers, as more than 20 million barrels of oil pass through it daily along with large quantities of liquefied natural gas. In addition to disrupting supply chains, over 11% of global trade passes through it.

The American and Zionist attacks on Iran have immediately rattled the oil markets. Oil prices ended up