
Oil prices rise again with new developments in the Middle East - Iqtissad Al Balad
Oil prices have risen again, surpassing the $80 per barrel mark amid new uncertainty regarding the settlement in the Middle East.
Import/export, trade agreements, customs, and international commerce

Oil prices have risen again, surpassing the $80 per barrel mark amid new uncertainty regarding the settlement in the Middle East.

Oil prices fell this Friday amid expectations of more supplies returning to global markets. Brent crude futures dropped by 54 cents, or 0.68 percent, to settle at $78.31 a barrel. Meanwhile, West Texas Intermediate crude fell by 46 cents, or 0.60 percent, to reach $76.14 a barrel.

The Organization of the Petroleum Exporting Countries (OPEC) announced today, Thursday, its strong commitment to its forecasts regarding the growth of global oil demand over the next four years, according to Reuters. According to Reuters, OPEC did not stop there, but also raised its long-term growth estimates, confirming that there are no indicators suggesting an imminent peak in global demand...

Algeria - A recent international scientific study highlighted Algeria's exceptional qualifications in the field of green hydrogen, qualifying it to play a pivotal role as a producer and exporter of this clean fuel to European markets in the coming years, confirming that Algeria is also one of the most competitive countries in this field.

A recent international scientific study highlighted Algeria's exceptional qualifications in the field of green hydrogen, qualifying it to play a pivotal role as a producer and exporter of this clean fuel to European markets in the coming years, confirming that Algeria is also one of the most competitive countries in this field. This study was published in the international scientific journal 'Applied Energy', specializing in energy research.

A recent international scientific study highlighted Algeria's exceptional qualifications in the field of green hydrogen, qualifying it to play a pivotal role as a producer and exporter of this clean fuel to European markets in the coming years, confirming that Algeria is also one of the most competitive countries in this field.

Today, Thursday, Minister of State, Minister of Hydrocarbons, Mohamed Arqab, received the Chairman of the German energy group 'VNG AG', Ulf Heitmüller, in the presence of senior officials from both the Algerian and German sides. According to a statement from the ministry, this important and strategic meeting aims to enhance cooperation relations and deepen the existing bilateral partnership between Algeria and the Federal Republic of Germany in various vital energy fields, as well as to follow up on the outcomes and roadmap of the historic memorandum of understanding signed by the national group SONATRACH with the German company 'VNG AG' yesterday, which primarily aims to explore new and innovative opportunities for joint cooperation in the energy sector.

Global oil prices fell by about 3 percent during trading today Thursday, following the official signing between the United States of America and Iran of a temporary agreement that would end the ongoing military confrontation between them and reopen the Strait of Hormuz to international maritime traffic. Brent crude futures fell by 2.99 percent to reach $77.17 per barrel, while West Texas Intermediate crude fell by 3.23 percent to settle at $74.31 per barrel, continuing the clear abandonment of the record gains recorded in trading yesterday Wednesday following threats from President Donald Trump...

After the United States and Iran signed a temporary agreement.

Oil prices fell in early trading today, Thursday, by about 1 percent, amid a state of anticipation in global markets. Brent crude futures dropped by 89 cents or 1.12 percent to $78.66 per barrel, while West Texas Intermediate crude fell by 98 cents or 1.28 percent to $75.81 per barrel.

The dollar continued its gains against the euro on Wednesday after the Federal Reserve (the U.S. central bank) kept interest rates unchanged. The Fed's statement showed that policymakers expect to raise borrowing costs later this year amid growing concerns about inflation. The euro fell by 0.5% to 1.1553 dollars, while the dollar recovered its losses against the yen to trade virtually unchanged at 160.435 yen.

Spain will be the honored guest of the 57th edition of the International Fair of Algiers (FIA), which will be held from 22 to