Follow-up Meeting on the Oil Production Reduction

The Joint Ministerial Meeting Committee (JMMC) comprises four OPEC member countries (Algeria, Saudi Arabia, Kuwait and Venezuela) and two non-OPEC countries (Russia and Oman) and will be held at the end of September 2018 in Algiers. This 10th follow-up meeting on the oil production reduction will review all recent market developments and the report provided […]

OPEC convening on Friday June 22, 2018 to set output

OPEC convening on Friday June 22, 2018 to set output policy in a would-be regular meeting like all those that have been taking place since last year, to try and control the oil market is said this time to mean relaxation of production cuts. Other members like Iran, Iraq, Venezuela and Algeria have already voiced […]

Re-activating Algeria’s National Energy Council

 Algeria has the institutions that it needs to energize if it wants a State with the rule of Law; a sine qua non condition for a sustainable development and above all for its credibility at both national and international levels. Could Re-activating Algeria’s National Energy Council for a robust energy strategy be an absolute necessity and […]

“I want a strategy for SONATRACH; it never had one before”

The country facing a noticeable fall in oil prices related fiscal revenues has recently engaged into an attempt to accommodate a more flexible approach to somehow help it gather the interest of potential investors. Speaking about the need for a proper strategy for its oil industry sector, the head of its state-owned oil and gas […]

Ten reasons for oil prices to be higher than $60 per barrel

The latest report of the World Bank anticipated an increase in the rate of growth of Algeria’s economy but it also reckons that it would still be drawn back by its large public expenditure through notably its newly adopted unconventional financing. It should  rather opt for a transitional mean of development, with sustainable growth to […]

How fair the Price of a Barrel of Oil is now

Further to our article on “The Vienna agreement and the Oil & Gas 2017 / 2030 prospects” posted on October 29, 2017, we follow on the same subject of oil prices rising to their highest in a long time. All rentier economies of the MENA region would of course be delighted with the news of […]