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EU allocates €40m to support renewable energy in Algeria
The EU and Algeria inked a €40 million package to support Algeria diversify its economy and improve business climate through measures ranging from the development of renewable energy to modernization of public finances.
read more... 15/03/2017
Algeria’s Sonatrach to extend the LNG deal with Engie in March
Algeria’s state energy company Sonatrach is likely to extend a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year.
read more... 09/03/2017
Eni signs gas supply deal with Algeria’s Sonatrach
Italian energy firm Eni has signed on Tuesday a renegotiated gas supply deal with Algerian Sonatrach for the year 2016/2017.
read more... 14/12/2016
Daily: Crude oil rockets at one-year high as Russia wants to join OPEC in limiting output
Crude oil prices rose as much as 3 percent on Monday, with Brent attaining a one-year high, fueled by Russian President declarations that Russia is ready to join OPEC in slashing crude output and Algeria required for similar actions from other non-OPEC producers. Brent crude rallied to its highest level since October 9, 2015, up $1.21, or 2.3 percent to close at $53.14 a barrel. U.S. West Texas Intermediate crude rocketed to its highest level since June 9 at $51.60, before paring gains to end the session at $51.35, up $1.54, or 3.1 percent.
read more... 11/10/2016
Daily: European forward power prices at highest level in 10 weeks, spurred by firmer coal, spot power
Crude oil prices ended up 3 percent on Monday on renewed hopes that top crude exporters might make progress on a deal to limit production. The world’s major producers met in Algeria to discuss ways to prop up prices. Brent crude futures rose by $1.46, or 3.2 percent, to settle at $47.35 a barrel after fluctuating between $45.74 and $47.66. U.S. West Texas Intermediate (WTI) crude futures advanced $1.45, or 3.3 percent, to settle at $45.93 after a session high of $46.20 and low of $44.43.
read more... 27/09/2016