Gulf Oil and Gas accountACCOUNT

Algeria Dismisses Concerns over Crude Prices

Source: Reuters 9/17/2014, Location: Africa

Share |
OPEC member Algeria believes current oil prices are not a matter for concern and will not have a "significant" impact on market fundamentals, Energy Minister Youcef Yousfi said.

Brent crude prices sank to a 26-month low this week on rising supplies and signs of slower demand growth in China and Europe, but prices rallied after OPEC said it could trim its 2015 output target.

"The current prices do not constitute a particular concern within oil circles," Yousfi told the official APS news agency late on Tuesday.

He said data indicated no significant imbalance between demand supply and blamed price fluctuations on currency rate trends and stock market operations.

For more information about related Opportunities and Key Players visit Algeria Oil and Gas Projects

Oil Field Services News in Algeria >>

Nigeria >>  8/1/2018 - KBR, Inc. has been awarded an LNG FEED contract by Nigeria LNG (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. ...
Egypt >>  7/24/2018 - HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam Holding (HAH) is entering a joint venture (JV) wit...

Morocco >>  7/23/2018 - Sound Energy, the Moroccan-focused upstream gas company, announces, following the initial success in Eastern Morocco and in anticipation of the forthc...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

 

Oil & Gas Companies in Algeria >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.