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InterCon debuts in AlgeriaInterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has announced the opening of Holiday Inn Algiers – Cheraga Tower in Algeria. This opening marks the company’s debut in the country More… |
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Emirates’ Algiers service to become dailyEmirates, the world’s best airline according to TripAdvisor 2017, will be adding an extra flight to its service between Dubai and Algiers, making it a daily service from December 13. The launch of the additional flight will More… |
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Opec agrees oil output cuts in first deal since 2008Opec agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on Iran amid mounting pressure from low oil prices. "Opec made an exceptional de More… |
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Saudis soften oil stance; Opec deal likely in NovOpec might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week as the group's de-facto leader Saudi Arabia softens its stance towards Iran. Saudi Energy Minister Khalid al-Falih More… |
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Opec set for no deal as Iran rejects Saudi oil output offerIran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major Opec producers would find a compromise this week to help ease a global glut of crude. More… |
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Oil prices slip as hopes for a deal in Algiers fadeCrude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria that so far has failed to yield any agreement to curb one of the worst supply gluts in history. Saudi Ar More… |
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Algiers talks are consultative says Al-FalihSaudi Arabia's Energy Minister Khalid Al-Falih said on Tuesday that talks among Opec and non-Opec oil producers in Algiers this week are consultative, casting doubt on the chances of any policy decision during the meeting. He More… |
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Iran downplays chances of oil dealIran downplayed on Monday the chances of Opec and non-Opec oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group hoped for steps to tackle a price-eroding glut of crude. More… |
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UAE backs output freeze to support oil marketsThe United Arab Emirates said on Monday it would back a global freeze in oil output to bolster prices, while some Opec delegates predicted a meeting of producing countries in Algeria this week could still yield a deal to restrain supply. More… |
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Ecuador warns Opec of risks if no deal in AlgeriaEcuadorean President Rafael Correa said on Saturday he hopes Opec countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria, warning of "serious risks" for the group if they do reach a deal. More… |
