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The people of crisis-torn Yemen urgently need humanitarian assistance and protection, especially in the north of the country where there is a threat of famine, the United Nations Emergency Relief Coordinator warned Wednesday. Stephen O’Brien urged all parties to the Read more
The target of the Organization of Petroleum Exporting Countries (OPEC) to reduce the total output by 1.2 million barrels per day is expected to be missed as a source within the oil cartel revealed that “compliance (regarding the agreement to Read more
King Mohammed VI started Thursday an official visit to Nigeria, the first ever by a Moroccan Monarch to the African country, heralding thus the start of a new era in relations between the two countries. The visit evidences, if need Read more
The failure by OPEC members to reach a production freeze deal amid disagreements over sharing output cuts risks further drop in oil prices, several analysts warned. As the de facto Saudi-led cartel prepares to meet on Wednesday in Virginia, a Read more
The agreement between members of the Oil Petroleum Exporting Countries (OPEC) and non-OPEC members that was reached in Algiers last month is slowly nearing a deadlock after Iraq became one of the latest countries demanding to be exempted from it. Read more
UN energy expert Gille Bonafi has called the European Union (EU) to lean on Algeria for its energy supply as the North African country can become a world’s leading energy producer given its untold solar energy potential. Speaking in Algiers, Read more
In a bid to address the global glut of oil supply, members of OPEC reached a landmark agreement, at a meeting in Algiers, to cut their collective oil output sending oil prices soaring by 5%. The member states of the Read more
Saudi Energy Minister Khalid al-Falih said Riyadh will not be increasing its oil output because “there is no reason to expect that Saudi Arabia is going to go on a flooding campaign” as he reassured that “we will be very Read more
Bahrain on Monday classified 68 organizations operating within the region and beyond as terrorist groups. The move is part of the country’s efforts to fight ideological and religious extremism and its support to international efforts geared towards assuring global peace Read more
Nigeria’ Muhammadu Buhari called for cooperation between oil producing countries, both OPEC and non-OPEC members, to stabilize the prices of oil in the global market. In a statement released by the Nigerian presidency Sunday, after a meeting between President Buhari Read more