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ALGIERS-The price of Sahara Blend, which is Algeria’s benchmark crude, spiked by US$21.09 in March, supported by strong oil market fundamentals and concerns about supply disruption, said the Oil Petroleum Exporting Countries (OPEC) in its monthly report released Tuesday.

Published in Economy

ALGIERS-Minister of Energy and Mines, Mohamed Arkab will attend Thursday the 27th Ministerial Meeting of the OPEC and Non-OPEC (OPEC) by videoconference, the ministry announced Wednesday in a statement.

Published in Economy

ALGIERS-Prices of Sahara Blend, the Algerian benchmark crude, jumped by 12.71 dollars in January, boosted by strong market demand and geopolitical tensions, the Organization of the Petroleum Exporting Countries (OPEC) said in its monthly report published Thursday.

Published in Economy

Achraf Benhassine new governor of Algeria to OPEC

Wednesday, 01 December 2021 17:41

ALGIERS-Algeria's representative to the Organization of Petroleum Exporting Countries (OPEC), Achraf Benhassine, has been appointed the country's new governor to the same organization, a source announced.  

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ALGIERS- The minister of Energy and Mines, Mohamed Arkab, will take part Wednesday, by video link, in the 182nd OPEC ministerial conference, the ministry said Tuesday in a statement.

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ALGIERS-The Organization of Petroleum Exporting Countries (OPEC) commended in its monthly report released Saturday the role of Algeria in the signing of the Declaration of Cooperation (DoC) that has helped rebalance the oil market.

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ALGIERS-The Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Thursday has maintained the production increase by 400,000 barrels/d from August decided at its 19th ministerial meeting, announced the Minister of Energy and Mines, Mohamed Arkab.

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Algerian oil price spikes by US$3.03 in July

Thursday, 12 August 2021 19:14

ALGIERS-Prices of Sahara Blend, the Algerian benchmark crude, spiked by US$3.03 in July, fueled particularly by the prospects for an increase in oil demand, the Organization of the Petroleum Exporting Countries (OPEC) said in its latest monthly report published Thursday.

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ALGIERS- The 19th ministerial meeting OPEC-Non OPEC (OPEC+), held Sunday by video conference, culminated in the decision of increasing the production by 400,000 barrels a day, as from August, said Minister of Energy and Mines Mohamed Arkab.

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OPEC+ calls off 18th ministerial meeting

Tuesday, 06 July 2021 10:49

ALGIERS-The member countries of the Organization of Petroleum Exporting Countries (OPEC+) on Monday postponed their 18th ministerial meeting for further talks and consultation, announced the Ministry of Energy and Mines in a communiqué.

Published in Economy

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