Naftal signs up Sonatrach pipeline work for LPG supplies
Algeria’s Naftal has signed a deal with Sonatrach’s pipeline unit on the construction of a 424 km LPG pipeline to run along the Mediterranean coast.
Algiers
OPEC-Russia roadshow heads to Vienna for oil-cuts talks
OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts.
Vitol boss says oil market will only see boost from ‘meaningful’ production cut
The chief executive of Vitol said the oil market may see supply and demand rebalance if both Russia and OPEC deliver a meaningful production cut.
Shell says OPEC decision won’t impact financial framework
Oil major Shell said a decision to cut output by OPEC is unlikely to alter the company's financial framework.
OPEC outcome surprising, industry must focus on “long-term” warn analysts
The oil and gas industry has been urged to focus on long-term change after OPEC members agreed to an output cut at its latest meeting in Algiers.
Oil halts loss before OPEC meets as Saudis look to future deal
Oil halted losses below $45 a barrel after Saudi Arabia signaled it may compromise with regional rival Iran on a future supply agreement as both countries expect no deal when OPEC members meet Wednesday in Algiers.
Saudis said to meet with Iran for oil talks before Algiers
OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria.
OPEC seen failing to clinch oil-output deal at Algiers talks
OPEC probably won’t clinch a deal to limit oil production in Algiers next week as members stay focused on either boosting output or defending their market share, according to a Bloomberg survey.
Oil advances near $45 as OPEC may hold formal meeting in Algiers
Oil climbed near $45 a barrel after Algeria said OPEC may turn its informal talks next week into a formal session and as weekly industry data showed U.S. crude inventories declined.
Oil climbs as OPEC may hold formal meeting next week in Algiers
Oil rose after Algeria said OPEC may turn its planned informal meeting in Algiers next week into a formal session.
Sonatrach to support North Africa Petroleum conference
Sonatrach will be supporting the sixth North Africa Petroleum Exhibition and Conference (NAPEC).