Leading News Source For Middle East
Algeria’s Council of Ministers approved the Finance bill for the upcoming year and tempered its expectations on oil and gas by estimating the price of a barrel at $50. The ministers meeting, held under the chairmanship of ailing President Abdelaziz Read more
Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Read more
Saudi Deputy Oil Minister Prince Abdulaziz bin Salman and Nigerian Oil Minister Emmanuel Ibe Kachiwkuto met in Riyadh to discuss the oil market with both parties agreeing that consultations and cooperation between all oil producers are the best way to Read more
It would have been no surprise if the price of oil rose greatly during the 8 days of violence that occurred due to the turmoil in the Gaza strip. But oil experts explain that since Israel and Palestine are not Read more