Algeria Dismisses Concerns over Crude PricesSource: Reuters 9/17/2014, Location: Africa
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...
Cleaning Equipment, Services
Land & Leasing
Oil & Gas Companies
Transportation, 4X4 Trucks
Water Supply 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 ||