As oil prices have fallen, currencies of developing countries that rely heavily on exports have been sliding.» Read More
ALGIERS, Algeria— Algeria's oil minister on Sunday called on OPEC to cut production and raise the price of oil, which has plunged dramatically in the last six months. The call by Youcef Yousfi to the Organization of Petroleum Exporting Countries, of which Algeria is a member, comes as the country is struggling to deal with a halving of oil prices from $120 barrel to...
ALGIERS, Algeria— With oil prices at their lowest in five years and showing few signs of hitting bottom, Algeria is feeling the pinch. Though its problems are dwarfed by the impact on Russia for example, Algeria may have to rein back many of the policies it has held dear over many years. In many ways, the rule of Algerian President Abdelaziz Bouteflika has echoes with...
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...
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.
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.
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.
ALGIERS, July 24- An Air Algerie flight that went missing en route from Burkina Faso to Algiers has crashed, an Algerian aviation official told Reuters on Thursday.
DOHA, July 2- Al Jazeera, the Qatari-funded television station whose reporting of the 2011 Arab Spring uprisings won it millions of viewers in the Middle East, is defiant following a backlash by Arab governments that accuse it of supporting Islamists.
Disruption from the Russia-Ukraine conflict is not the only threat to Europe's energy supplies—there's also Algeria.
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 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.
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.
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.
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.
A consortium that deals with security issues is warning about possible threats to oil installations in Libya.
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.
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.
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.