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Business Algeria

  • 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

    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

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

  • 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

    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?

    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?

    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

    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?

    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

    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

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

  • American Hostages Status Unclear

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

  • 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)

  •  Will North African Instability Hit the Oil Price?

    Amrita Sen, chief oil analyst at Energy Aspects, tells CNBC that the instability in North Africa, with Islamic militants holding a gas facility hostage, could be quite negative for long-term investment in the region.

  • 41 Hostages Taken In Algeria, 3 Are American

    Islamic militants have taken as many as 41 hostages, including 3 U.S. citizens, in Algeria, and the White House is calling this a "terrorist attack," reports CNBC's Michelle Caruso-Cabrera.

  • Impact of Algerian Gas Field Attack on Oil

    Dominic Schnider, Head of Commodity Research, UBS Wealth Management warns investors not to expect a drastic rise in oil's risk premium as a result of the Algerian attacks. He expects a $3 to $4 increase.

  • American Hostages In 'Terror Attack': Panetta

    There has been a "terrorist attack" on a gas facility in Algeria where Americans are among 41 people being held hostage by Islamic militants. Helima Croft of Barclays, offers insight.

  • Sen. Coons on Algerian Gas Facility Attack

    Secretary of Defense Leon Panetta has confirmed Americans and others are being held by Islamic militants after what he calls a "terrorist attack" occurred at a natural gas facility in Algeria. Senator Chris Coons (D-DE), offers insight.

  • Panetta: 'Terrorist Attack' In Algeria

    CNBC's Michelle Caruso-Cabrera reports Secretary of Defense Leon Panetta said an overnight attack on the natural gas facility in Algeria "was a terrorist attack," and confirms that Americans and others are being held by Islamic militants. (1:48)

  • Americans Reportedly Taken Hostage in Algeria

    U.S. citizens are among 41 people reportedly taken hostage at a BP field in Algeria, reports CNBC's Michelle Caruso-Cabrera.