
Algerian oil tops OPEC grades
The monthly report from the Organization of the Petroleum Exporting Countries (OPEC) issued in October 2026 revealed that the Algerian Sahara Blend crude is leading.
Import/export, trade agreements, customs, and international commerce

The monthly report from the Organization of the Petroleum Exporting Countries (OPEC) issued in October 2026 revealed that the Algerian Sahara Blend crude is leading.

The foreign trade expert, Ali Bay Nasri, confirmed that activating the single window and digitization represents a qualitative leap to stimulate investment and promote non-hydrocarbon exports, pointing out that Algeria's geo-economic transformation enhances its position as a strategic partner and a promising productive power in the African continent and international markets.

An increase estimated at about 10 percent compared to the same period in 2025.

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The port authority of Mistergham has set December 31, 2026, as the final deadline for completing the transfer of the import of utility vehicles and activities of self-employed contractors to other national ports, with the process to be gradually implemented within a period not exceeding 15 days, as part of the reorganization of port activities and the allocation of Mistergham Port for import operations directed at public institutions and companies. The authority announced in a statement that its general director chaired a broad awareness meeting last Thursday with the participation of economic operators and partners active in the port community, and in the presence of the head of the customs inspection department for the province of Mistergham, to discuss the necessary organizational and logistical arrangements for implementation.

Algeria's revenues from hydrocarbon exports reached $37.5 billion between January and the end of September 2026, according to what was reported today, Saturday, in Algiers by the Minister of State and Minister of Hydrocarbons, Mohamed Arqab. Mr. Arqab explained, during a presentation he gave before the Finance and Budget Committee of the National People's Assembly, as part of the study and discussion of the 2027 Finance Law project, in the presence of the Minister of Relations with Parliament, Najiba Djilali, that these revenues were mainly driven by a 37% increase in the average price of Algerian crude oil compared to the same period in 2025.

Oil prices rose by more than 3% and are on track to achieve weekly gains, according to media reports on Friday. Brent crude futures increased by $3.41 or 3.2% to $109.34 per barrel by 16:41 GMT, while West Texas Intermediate crude futures rose by $2.74 or 2.8% to $100.67, surpassing the $100 mark for the first time since September 21.

Algeria's crude oil production surpassed one million barrels per day in September 2026, recording 1.003 million barrels, maintaining this level for the second consecutive month for the first time in over three years, amid expectations of continued increases during the last two months of the year, driven by easing voluntary production cuts within the OPEC+ alliance. According to data from the Organization of the Petroleum Exporting Countries (OPEC), Algerian production rose to about one million and 3 thousand barrels per day in September, compared to one million barrels per day in August, after remaining below this level since April 2023. This increase is part of a gradual trend that began at the start of this year, coinciding with the implementation of the alliance's plan to eliminate production cuts.

The Minister of Foreign Trade and Export Promotion, Kamel Rezig, discussed with the Ambassador of the Sultanate of Oman to Algeria, Saif bin Nasser bin Rashid Al-Badawi, and the Chairman of the Board of Directors of the Suhail Bahwan Group, Saad Suhail Bahwan, opportunities to expand trade exchanges and enhance economic partnerships between the two countries, focusing on the role of economic operators in promoting bilateral cooperation and opening new horizons for investment. The meeting took place on Thursday in Algiers, as part of efforts to develop trade and economic relations between Algeria and the Sultanate of Oman, according to a statement from the Ministry of Foreign Trade and Export Promotion. Watch the full content on Echourouk Online.

The Algerian Agency for Investment Promotion discussed with officials from South Africa ways to enhance economic and investment cooperation between the two countries, through developing partnerships and exploring opportunities to establish joint investment projects in various sectors, alongside exchanging experiences in the field of investment promotion. This came during a meeting held on Thursday in Algiers, between the Director General of the Algerian Agency for Investment Promotion, Omar Rakach, and the Director General of Bilateral Economic Relations with Africa at the Ministry of Trade, Industry and Competition of the Republic of South Africa, Zanele Sani, who is visiting Algeria as part of the ministerial meeting dedicated to following up on the outcomes of the seventh session of the High Joint Committee for Cooperation.

U.S. crude oil and distillate inventories fell last week, while gasoline stocks rose. The U.S. Energy Information Administration reported Thursday that crude oil inventories fell by 8.6 million barrels to 415.6 million barrels for the week ending October 9, adding that crude oil inventories at the Cushing distribution hub in Oklahoma rose by 1.9 million barrels during the week.