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Business Algeria


  • Revival of Centrist Vote in Israel 'Good News': Expert Wednesday, 23 Jan 2013 | 1:20 AM ET
    Revival of Centrist Vote in Israel 'Good News': Expert

    Lord Malloch-Brown, EMEA chairman of FTI Consulting, tells CNBC that the revival of the centrist vote in Israel is 'good news' but a weaker Netanyahu may become a 'prisoner' of the right.

  • Brent Tops $112 as BOJ Adds to Economic Optimism Tuesday, 22 Jan 2013 | 3:34 PM ET
    Oil Refining’s Fortunes Rise

    Brent crude rose above $112 a barrel on Tuesday, after Japan pledged to pump in more money to boost its economy.

  • Oil Prices to Retreat Drastically: Expert Monday, 21 Jan 2013 | 5:40 PM ET
    Oil Prices to Retreat Drastically: Expert

    Andrew Su, CEO, Compass Global Markets says the economic picture in the U.S. and Europe will worsen, which will lead WTI prices to retreat drastically in the next few months.

  • Algerian security forces escort a bus carrying freed hostages outside a police station in In Amenas in the desert in Algeria's deep south on January 19, 2013.

    Algerian special forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, a security source said on Monday, as the death toll reached at least 80 after troops stormed the complex to end the hostage crisis.

  • Algeria Attack To Lift Oil Prices, But Not By Too Much

    Tom Price, Global Commodity Analyst, UBS says Algeria's gas plant attack is the latest in a series of supply-side shocks to oil, but unconventional supplies could constrain the upside to oil prices.

  • Algeria Expects Heavy Hostage Toll From Siege Sunday, 20 Jan 2013 | 10:30 AM ET
    Algerian policemen stop cars at a checkpoint in In Amenas, deep in the Sahara near the Libyan border.

    Algeria said on Sunday it expected heavy hostage casualties after its troops ended a desert siege, but Western governments warned against criticizing tactics used by their vital ally in the struggle with Islamists across the Sahara.

  • Algerian Army Stages 'Final Assault' on Gas Plant Saturday, 19 Jan 2013 | 2:50 PM ET
    This is a satellite image of the Amenas, Algeria. Islamist militants held dozens of foreign hostages and hundreds of Algerian workers hostage in a gas field located approximately 45 km from the city.

    The Algerian army carried out a dramatic final assault to end a siege by Islamic militants at a desert gas plant on Saturday, killing 11 al Qaeda-linked gunmen after they took the lives of seven more foreign hostages.

  • US Officials: One American Killed & 2 Escaped in Algeria

    "Let's not forget this is an act of terror," said Secretary of State Hillary Clinton, in commenting on the hostages held in Algeria. Americans are still being held hostage, among others, with Peter Brookes, Heritage Foundation senior fellow.

  • Terrorists Still Holding Hostages in Algeria Friday, 18 Jan 2013 | 1:03 PM ET
    Terrorists Still Holding Hostages in Algeria

    Terrorist want to exchange hostages for Omar Abdel Rahman, reports CNBC's Jackie DeAngelis. Also, a look at the impact on energy prices, with CNBC's Sharon Epperson.

  • Algeria Hostage Saga Continues Friday, 18 Jan 2013 | 11:33 AM ET
    Algeria Hostage Saga Continues

    The hostage rescue operation in Algeria is an ongoing, fluid situation, reports CNBC's Jackie DeAngelis.

  • Hostage Situations Are Never Simple: Expert Friday, 18 Jan 2013 | 11:00 AM ET
    Hostage Situations Are Never Simple: Expert

    Oualid Khelifi, research analyst at African Energy, talks to CNBC about the hostage situation in Algeria and why the Algerian army decided to move in.

  • How to Trade Oil Now Friday, 18 Jan 2013 | 7:40 AM ET
    How to Trade Oil Now

    Oil is slipping slightly this morning as the Algeria hostage crisis continues, with Boris Schlossberg, Managing Director, BK Asset Management; Kevin Book, ClearView Energy Partners; Barry Knapp; Barclays; and Rebecca Patterson, Bessemer Trust.

  • Could the Algerian Terrorism Spread? Friday, 18 Jan 2013 | 5:20 AM ET
    Could the Algerian Terrorism Spread?

    Helima Croft, geopolitical strategist at Barclays, draws attention to the vulnerability of the oil market if the Algerian groups targeted the Libyan energy facilities.

  • How Important Is Algerian Gas for Europe? Friday, 18 Jan 2013 | 1:30 AM ET
    How Important Is Algerian Gas for Europe?

    Neil Atkinson, director of energy research & analysis at Datamonitor, tells CNBC that Algeria is very important for the European oil and gas market, with countries like Italy taking about a third of their gas from the country.

  • Algerian Government Began Military Action Thursday, 17 Jan 2013 | 7:45 PM ET
    Algerian Government Began Military Action

    CNBC's Michelle Caruso-Cabrera reports the chronology of the terrorist attack in Algeria and on the intervention by the Algerian government that has taken place already; saying as many as 7 U.S. citizens were involved in the situation.

  • Rio Tinto's New Chief to Turn Company Around? Thursday, 17 Jan 2013 | 5:45 PM ET
    Rio Tinto's New Chief to Turn Company Around?

    Jonathan Barratt, Founder, Barratt's Bulletin says Rio Tinto remains a takeover target but he thinks new CEO Sam Walsh can turn the company around.

  • Clinton Addresses Hostage Crisis in Algeria Thursday, 17 Jan 2013 | 2:51 PM ET
    Clinton Addresses Hostage Crisis in Algeria

    Secretary of State Hillary Clinton spoke with Algerian officials yesterday about the hostage crisis, reports CNBC's Michelle Caruso-Cabrera.

  • Oil Hits 4-Month High Thursday, 17 Jan 2013 | 2:27 PM ET
    Oil Hits 4-Month High

    The crisis in Algeria is playing a role in oil's big surge today, with CNBC's Sharon Epperson.

  • American Hostages Status Unclear Thursday, 17 Jan 2013 | 2:22 PM ET
    American Hostages Status Unclear

    Breaking details on the Algeria hostage crisis, with CNBC's Michelle Caruso-Cabrera.

  • Algerian Army Moves on Terrorists Thursday, 17 Jan 2013 | 10:11 AM ET
    BP Withdraws Non-Essential Workers From Algeria

    CNBC's Michelle Caruso-Cabrera reports on a BP statement that it's been told the Algerian army is trying to take control of a natural gas site where terrorists are holding hostages, including Americans. (1:07)