Oil rallied on Monday as the world's largest producers gathered in Algeria to discuss ways to support the market, with nervous trade driving volatility to its highest since exporters met in April.
Scepticism about any deal bei
Algeria plans to allow its dominant state banks to list on the local stock exchange to help develop its financial markets and diversify sources of funding after the oil price slide, a senior financial official said.
The plan will
Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of Opec producers.
That came after prices
Iran's President Hassan Rouhani said Tehran supports any move to stabilise the global oil market and lift prices, the Iranian oil ministry news agency Shana quoted him as saying on Sunday.
"Instability and falling oil pri
Algeria's energy minister says there is a consensus among OPEC and non-OPEC members about the need to stabilise the oil market to support prices, state news agency APS reported.
Noureddine Bouterfa was speaking after meeting h
Algeria's energy minister will meet his Saudi counterpart and Opec's secretary-general in Paris on Friday as part of moves towards clinching a global deal on stabilising crude output to support oil prices, an Algerian official and Opec s
Iran, Opec's third largest producer, has confirmed it will participate in the upcoming Opec meeting in Algeria next month, an Opec source said on Tuesday.
Opec members will meet on the sidelines of the International Energy For
Saudi Arabia will work with Opec and non-Opec members to help stabilise oil markets, it said on Thursday a month ahead of an informal meeting of major producing countries in Algeria.
Members of the Organization of the Petroleum Ex
Oman will not participate in a meeting of oil producers and consumers in Algeria next month as it is disappointed by the group's failure to address the issue of low oil prices, Minister of Oil and Gas Mohammad bin Hamad al-Rumhy said.
Algeria's Tiguentourine gas plant is ready to come fully back online for the first time since a deadly militant attack in 2013, general manager Kamel Aoues said on Saturday.
"Full production is for the coming days, all te