
Brent crude exceeds $111 per barrel
Oil prices rose today, Tuesday, as markets await developments in the geopolitical situation in the Middle East. The price of a barrel of Brent crude has increased.
Import/export, trade agreements, customs, and international commerce

Oil prices rose today, Tuesday, as markets await developments in the geopolitical situation in the Middle East. The price of a barrel of Brent crude has increased.

Oil prices rose today, Tuesday, with Brent crude nearing its highest level in five months.

The Minister of Pharmaceutical Industry, Wassim Guedri, stated today, Tuesday in Algiers, that the national pharmaceutical industry has made significant progress in recent years in developing its production capabilities and enhancing its industrial fabric, allowing for the achievement of 'national pharmaceutical sovereignty', highlighting the 'encouraging' results recorded in the field of exporting Algerian pharmaceutical products.

The group currently exports medicines to more than 11 African countries.

Oil prices varied on Monday, at the close of the settlement session. Brent crude futures fell by 31 cents or 0.3 percent to $109.55 per barrel, after dropping more than three dollars earlier in the session as investors sought to take profits following a rise to a five-month high last week. Meanwhile, West Texas Intermediate crude rose by $2.25, or 2.2 percent, to $103.66 per barrel, the highest settlement price since September 15.

Algeria - The Wilaya of Biskra will host the National Date Exhibition from October 29 to 31, under the slogan 'Established Quality and Wide Export Prospects,' according to a statement from the Ministry of Foreign Trade and Export Promotion issued today, Monday.

Expert Mendouche: This is how additional quantities can be offered in the spot market. An ideal scenario is unfolding for the national hydrocarbon company SONATRACH to offer additional quantities of gas in the international market, especially the free market, given the very attractive prices for this energy source, which exceeded 90 euros per 1 megawatt/hour during trading on Monday, October 19, in Europe. Watch the full content on Echourouk Online.

The General Directorate of Customs denied the validity of the statement circulated on social media, falsely attributed to the Customs Authority, regarding the conditions for importing vehicles, and the alleged information about manipulating customs documents to benefit from the privileges granted for importing used vehicles. View the full content on Echourouk Online.

Algerian clinker exports have risen from 4 to 5 million tons annually to nearly 11 million tons, while Algeria has shifted from importing iron and steel products worth 5 billion dollars in previous periods to exporting products valued between 650 and 700 million dollars, according to foreign trade expert Ali Bay Nasri. View the full content on Echourouk Online.

On Monday, the Minister of Foreign Trade and Export Promotion, Kamel Rezig, received the Ambassador of Belarus to Algeria, Yevgeny Subolievsky, in Algiers, where the two sides discussed ways to enhance economic and trade cooperation between the two countries, according to a statement from the ministry. The meeting, which took place at the ministry's headquarters, was 'an opportunity to explore prospects for developing trade exchanges between the two countries, serving mutual interests and opening up new partnership opportunities for economic operators in both countries,' according to the statement.

Oil prices fell this Monday as Brent crude futures dropped by $1.94, equivalent to 1.77%, to $107.92 per barrel, after closing on Friday at their highest level since May 19. West Texas Intermediate crude recorded $100.58 per barrel, down 83 cents or 0.82%, after closing on Friday at its highest level since September 17.

A major consultation has been launched in Italy regarding the massive project for the electrical connection via underwater cables with Algeria to transmit clean electrical energy, covering the areas that this line is expected to pass through in Italian territory, which is anticipated to transmit no less than 10 terawatt-hours annually, enough to supply 4 million Italian families with electricity. According to the consultation launched by the Italian company ZHERO, a partner in the project, the public consultations concern the 'Algerian-Italian Link' (AI-Link) project, which aims to transmit energy produced from renewable sources in the Algerian desert to Italy via an underwater electrical cable extending approximately 900 kilometers in the Mediterranean Sea...