As put by Kimberly Amadeo in her article on The Behind-the-Scenes Role of Commodities Traders, Oil prices are controlled by traders who bid on oil futures contracts in the commodities market. That’s why oil prices change daily. It all depends on how trading went that day. Other entities can only affect the traders’ bidding decisions. These influencers include the U.S. […]
In Algiers, the official press agency APS announced in a communiqué that the CEO of SONATRACH, the Algerian State oil company signed an agreement with British Petroleum and Equinor of Norway representatives on the exploration and development of Shale Gas in the Algerian South-Western basins. Meanwhile, in the US where Shale Gas production has managed […]
There seems to be some race between the USA and Europe with France’s TOTAL that recently signed with Algeria a contract for a polypropylene plant in the country. There were afterwards two days of public demonstrations in different localities close to the country’s oil bases in the South. Locals were out and about shouting out […]
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 […]
The Global Warming Policy Forum citing The Wall Street Journal on how The New Shale Tech That Terrifies OPEC has become reality where the U.S. shale oil drillers boosted by efficiency and drilling intensity, are lowering prices to a point that could soon hurt exporters like Saudi Arabia. What doesn’t kill you makes you stronger. […]
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