Energy
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Beijing rejects US tariffs on Iran trade amid China reliance on Iranian oil
China said late on Monday that it opposed “any illicit unilateral sanctions and long-arm jurisdiction” after U.S. President Donald Trump…
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Trump Bars Courts From Claiming Venezuelan Oil Revenue Held in U.S.
U.S. President Donald Trump took another step toward controlling future sales of Venezuelan oil and its proceeds by declaring a…
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U.S. signals possible sanctions relief for Venezuela to boost oil sales
U.S. Treasury Secretary Scott Bessent said additional U.S. sanctions on Venezuela could be lifted as soon as next week to…
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Algeria’s Fuel Prices Rank Among the Lowest Globally, Boosted by State Support
Algeria ranks among the countries with the lowest fuel prices in the world, even compared to some major oil-producing nations,…
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Algeria reaffirms commitment to OPEC+ decisions, calls for greater vigilance
Algerian Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arkab, participated on Sunday, via videoconference, in the coordination meeting…
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OPEC+ Agrees to Keep Oil Output Steady
OPEC+ agreed on Sunday to maintain steady oil output at a brief online meeting, the group said in a statement.…
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OPEC+ Expected to Keep Oil Output Steady Amid Rising Global Tensions
OPEC+ will likely maintain steady oil output at its meeting on Sunday, OPEC+ delegates said, amid rising global tensions. Sunday’s…
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2025: Western Algeria’s Mining Railway Megaproject a Key Driver of the National Economy
The construction of the western Algerian mining railway line megaproject linking Bechar, Beni Abbes, Tindouf and Gara Djebilet across nearly…
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BP Sells 65% Stake in Castrol to Stonepeak for $10.1 Billion
British oil major BP announced on Wednesday that it has reached an agreement to sell its 65% stake in lubricant…
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Venezuela Faces Oil Bottleneck as US Sanctions Target Tankers at Sea
Venezuela’s oil exports are facing growing constraints as US sanctions increasingly target tankers at sea, forcing the state-run oil company…
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