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Shipping costs for oil reach record levels as navigation in the Strait of Hormuz halts

Shipping costs for oil reach record levels as navigation in the Strait of Hormuz halts

Global oil and gas shipping costs surged today, Tuesday, to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontation between the United States and Iran, and targeting of ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing gains from the six-year high recorded last week. View the full content on...

Mar 3, 2026echoroukonline.com
After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

Today, Tuesday, global oil and gas shipping costs surged to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontations between the United States and Iran, and attacks on ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing its gains from the six-year high recorded last week. View the full content on...

Mar 3, 2026echoroukonline.com
Sidal and the Orphan Sponsorship Association Launch Solidarity Initiative for Orphans During Ramadan

Sidal and the Orphan Sponsorship Association Launch Solidarity Initiative for Orphans During Ramadan

The Sidal Group, in collaboration with the Orphan Sponsorship Association, announced the launch of a solidarity initiative on the occasion of the blessed month of Ramadan, targeting orphans and needy families across several provinces of the country, as part of enhancing the values of solidarity and social cooperation. This initiative is part of the '#سنابل_الخير3' campaign, which aims to distribute food parcels and Eid clothing, ensuring that as many orphaned children as possible are supported to celebrate Eid al-Fitr in an atmosphere of joy and dignity. Read the full content on Echourouk Online.

Mar 3, 2026echoroukonline.com
Study of Energy Consumption Rationalization and Efficiency Improvement Files

Study of Energy Consumption Rationalization and Efficiency Improvement Files

The Minister of Energy and Renewable Energies, Mourad Adjali, chaired a meeting today, Monday, in Algiers, dedicated to studying several files related to the national program for rationalizing energy consumption and improving its efficiency, according to a statement from the ministry. The same source clarified that the meeting, which is part of the follow-up on the sector's activities, brought together the minister with several key officials from the ministry, where progress was discussed.

Mar 2, 2026echaab.dz

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