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Oil Drops by More Than 5 Percent

Oil Drops by More Than 5 Percent

Oil prices fell by more than five percent today, Wednesday, as Brent crude futures dropped by $6.21 or 5.9 percent to $98.28 per barrel. Meanwhile, West Texas Intermediate crude futures fell by $4.67 or 5.1 percent to $87.68 per barrel. Both crude types rose by about five percent yesterday, Tuesday, before their gains were reversed in volatile trading after the close.

Mar 25, 2026radioalgerie.dz
Algerian-Nigerien Memorandum of Understanding to Enhance Cooperation in the Hydrocarbons Sector

Algerian-Nigerien Memorandum of Understanding to Enhance Cooperation in the Hydrocarbons Sector

Algeria and the Republic of Niger signed a memorandum of understanding in the hydrocarbons sector yesterday, Tuesday, aimed at promoting bilateral cooperation through the development of joint projects across the value chain, including exploration, production, geological studies, and the exchange of technical and scientific information, as well as enhancing partnerships between national companies in both countries. The memorandum was signed by the Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, and the Minister of Petroleum of the Republic of Niger, Hamadou Tini, as part of expanding the fields of bilateral partnership based on mutual benefit and respect for the applicable legislation in both countries. View the full content on Echourouk Online.

Mar 25, 2026echoroukonline.com
SONATRACH Begins Drilling Wells at the 'Kafra' Field in Niger on This Date

SONATRACH Begins Drilling Wells at the 'Kafra' Field in Niger on This Date

SONATRACH intends to start drilling works at the 'Kafra' field in Niger beginning in April, following the completion of several technical studies, in a move aimed at enhancing energy resources and strengthening bilateral cooperation in the hydrocarbons sector. The Director of International Cooperation at the Ministry of Hydrocarbons and Mines, Hakim Zebiri, stated in a statement to 'APS' that the actual start of drilling works will take place in the coming days, once the necessary equipment and tools arrive, confirming that this operation represents an important practical phase in the process of exploiting energy potential in Niger. Read the full content on Echourouk Online.

Mar 25, 2026echoroukonline.com
Algeria issues international tender to purchase 50,000 tons of flour wheat

Algeria issues international tender to purchase 50,000 tons of flour wheat

The Algerian Professional Grain Office has issued an international tender to purchase flour wheat, specifying shipping periods during June, according to European traders. The traders explained, as reported by Reuters, that the tender includes two shipments from main supply areas, including Europe, the first from June 1 to 15, and the second from June 16 to 30, while it is required that shipping be done a month earlier if the wheat source is from South America, Australia, or India. Read the full content on Echourouk Online.

Mar 25, 2026echoroukonline.com

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