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Algeria

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  • Algeria to boost oil production in face of falling prices Thursday, 22 Jan 2015 | 12:27 PM ET

    ALGIERS, Algeria— Algeria's minister of energy said Thursday the country could boost oil production to compensate for the dramatic drop in oil prices. Algeria produces some 1.2 million barrels of oil a day, according to its OPEC quota, but the 50 percent drop in prices over the last few months has hurt the country. While Algeria has some $200 billion in foreign...

  • Algeria backtracks on shale gas plans after protests Wednesday, 21 Jan 2015 | 2:47 PM ET

    ALGIERS, Algeria— Algeria's prime minister announced Wednesday that plans to drill for the country's abundant shale gas reserves have been scrapped. "I confirm that the exploitation of shale gas is not the order of the day as for now Algeria has sufficient reserves of conventional energy to meet its needs," Prime Minister Abdelmalek Sellal said.

  • WARSAW, Nov 28- Poland's embassy in Algiers is not the grandest posting- the diplomats share the building with their Swedish colleagues to keep costs down- but last year it oversaw the fastest growth in trade of any Polish mission. When Poland joined the European Union a decade ago, it believed it had found its path to prosperity. That Poland and its peers in eastern...

  • Expect oil glut, US shale bankruptcies: Analyst  Thursday, 27 Nov 2014 | 6:41 PM ET

    Neil Beveridge, Senior Oil Analyst at Sanford C. Bernstein, says OPEC's decision not to cut output is triggering a glut of supply and may result in bankruptcy for U.S. shale producers.

  • Lower oil prices, exactly what the doctor ordered?  Thursday, 27 Nov 2014 | 6:05 PM ET

    Kerry Series, Founder and CIO, Eight Investment Partners, says recent declines in oil prices are stimulatory for the global economy.

  • *France rejected negotiation over Iraq intervention. ALGIERS, Sept 24- Algerian militants have beheaded French tourist Herve Gourdel, who was kidnapped by gunmen on Sunday in what the group said was a response to France's action against Islamic State militants in Iraq.

  • *France rejected negotiation over Iraq intervention. ALGIERS, Sept 24- Algerian militants have released a video that appears to show them beheading Frenchman Herve Gourdel, who was kidnapped on Sunday, in what the group said was a response to France's action against Islamic State militants in Iraq.

  • Wreckage of Air Algerie jet found in northern Mali Thursday, 24 Jul 2014 | 9:24 PM ET
    An Air Algerie jet is shown at Berlin's Schoenefeld Airport.

    Authorities have found the wreckage of an Air Algerie jet after it crashed in Mali carrying 116 people en route from Burkina Faso to Algeria.

  • The other major threat to Europe’s energy security Thursday, 24 Apr 2014 | 3:13 PM ET
    Algerian President Abdelaziz Bouteflika casts his vote in the country's recent presidential elections in el-Biar suburb of Algiers on April 17, 2014.

    Disruption from the Russia-Ukraine conflict is not the only threat to Europe's energy supplies—there's also Algeria.

  • Arab Spring 2.0: Instagram sparks women start-ups Tuesday, 19 Nov 2013 | 7:00 AM ET
    Change is in the air: demonstrations in Cairo's Tahrir Square

    Thanks to social media women all over the Middle East are finding ways to help one another start businesses. It's a movement that is about more than economics.

  • OPEC Holds Line on Output, Surprising None Friday, 31 May 2013 | 8:06 AM ET

    OPEC oil exporters agreed on Friday to leave output policy unchanged on Friday as oil held around the group's preferred level of $100 a barrel.

  • Worried About OPEC Meeting? You May Be the Only One Tuesday, 28 May 2013 | 8:25 AM ET
    The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at the headquarters building in Vienna.

    Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.

  • Statoil CFO: Fifty More Wells to Be Drilled in 2013  Thursday, 7 Feb 2013 | 1:45 AM ET

    Torgrim Reitan, CFO of Statoil, tells CNBC that earnings and production are growing significantly and 2012 was the best exploration year for the company since 1997.

  • Crescent Petroleum: Most Stable Period for Oil Prices  Wednesday, 30 Jan 2013 | 2:40 AM ET

    Majid Jafar, CEO of Crescent Petroleum, tells CNBC that a general sense of instability post the Arab Spring has already been factored in to the oil price but there has been no direct impact from the Algerian hostage attack.

  • 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.

    A consortium that deals with security issues is warning about possible threats to oil installations in Libya.

  • Will Oil Companies Pull Out of North Africa?  Monday, 28 Jan 2013 | 2:10 AM ET

    Neil Atkinson, director of Energy Research & Analysis at Datamonitor, tells CNBC that BP are talking about suspending drilling activities in Libya following the terrorist attack in Algeria.

  • Aftermath of the Gas Plant Siege in Algeria  Sunday, 27 Jan 2013 | 5:50 PM ET

    Tony Nash, Managing Director, IHS discusses the ground level risks that energy firms face. He says companies are taking a more disciplined and methodological approach to risk.

  • 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.

    The biggest mistake the energy industry makes is to ignore regional and geopolitical dynamics. It's complicated, and the corporate world doesn't have the patience for it.

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

    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

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