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Business Algeria

  • Qatar's Minister of Energy and the OPEC Conference President, Mohammed Bin Saleh Al-Sada (2nd L) and Secretary General of OPEC, Mohammad Sanusi Barkindo (2nd R) attend a press conference following the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria on November 30, 2016.

    Saudi Arabia over-delivered, but OPEC cut about 90 percent of the oil supplies it committed to take off the market.

  • Snow in the Sahara desert near the town of Ain Sefra, Algeria Dec 20.

    The Sahara Desert was dusted in a layer of snow after a strong polar front from the Mediterranean, reports NBC News.

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • ANKARA, Dec 8- Iran's President Hassan Rouhani said on Thursday that members of OPEC should work together to secure implementation of a deal reached last month aimed at stabilizing the oil market, Iran's state TV reported. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • LONDON, Dec 5- OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings? Saudi officials have long stated that it would only be possible to reach an OPEC agreement once Iran had normalized its output following the...

  • *First joint cut between OPEC and Russia since 2001. MOSCOW, Dec 2- Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Under this week's follow-up agreement, the first between OPEC and Russia since 2001,...

  • *First joint cut between OPEC and Russia since 2001. MOSCOW, Dec 2- Russia plans to use its post-Soviet era record high November oil production as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Under this week's follow-up agreement, the first between OPEC and Russia since 2001, specific...

  • OPEC Deal

    Arab monarch-led OPEC nations have incentives to adhere to the output cut, says Mark Keenan at Societe Generale.

  • VIENNA, Dec 1- Russian President Vladmir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years. Interventions ahead of Wednesday's OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran's Supreme Leader...