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Algeria

(ALEXANDER KLEIN/AFP/Getty Images

As crude’s crash punishes Venezuela, calls for OPEC help grow

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Brent oil in London has dropped more than 60 percent since November 2014, when OPEC decided to refrain from cutting output in the face of a global oversupply in an effort to defend market share.
A OPEC logo sits on a sign outside the 167th Organization of Petroleum Exporting Countries (OPEC) conference in Vienna, Austria, on Friday, June 5, 2015. The Organization of Petroleum Exporting Countries has exceeded its own target of 30 million barrels a day for 12 straight months. Photographer: Lisi Niesner/Bloomberg

OPEC’s next battle ground will be choosing new top official

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As it became clear last week in Vienna that a push for oil production cuts was failing, ministers from Venezuela, Algeria, Iran and Ecuador huddled around OPEC’s conference table and tried a different tack in their quest to boost crude prices.
(ALEXANDER KLEIN/AFP/Getty Images

For OPEC, this year’s painful oil slump will bring gains in 2016

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With consumption set to grow by 1.4 million barrels a day, OPEC and its de facto leader Saudi Arabia could seize the chance to broaden their market as competitors damaged by the price slump fall off.
Ecuador's President Rafael Correa delivers a speech in Quito, Ecuador, Thursday, Aug. 13, 2015. (AP Photo/Dolores Ochoa)

Ecuador reveals the pain inside OPEC: It’s pumping oil at a loss

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President Rafael Correa said on Tuesday that the South American nation is receiving as little as $30 a barrel for its crude, while production costs average about $39.
(Alexander Klein/AFP/GettyImages)

Algeria calls for non-OPEC output cut to stop oil price slump

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Algeria’s initiative to coordinate an OPEC response to tumbling crude prices had the backing of cash-strapped fellow members Libya and Venezuela.
The Ain Amenas gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013. (AP Photo/Kjetil Alsvik, Statoil via NTB scanpix, File)

More gas found in Algeria region hit by 2013 hostage-taking

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An al-Qaida splinter attacked the nearby Ain Amenas gas plant in January 2013, resulting in the death of 40 plant workers, mostly foreigners.
(StockMonkeys.com/Flickr)

Algeria oil corruption trial begins after 5-year delay

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In a packed courthouse that included the ambassadors of Italy, the U.S. and Germany, prosecutors read out the charges against former head of Sonatrach, Mohammed Meziane, his two sons, and 16 other company officials.
Categories: General
H.E. Youcef Yousfi, the Algerian Minister of Energy and Mines, gives the opening keynote during CERAWeek on Wednesday, March 9, 2011, in Houston.  (Photo: Nick de la Torre/Houston Chronicle)

Algeria to boost oil production in face of falling prices

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Youcef Yousfi told the parliament Thursday that Algeria was working on dozens of deposits and studying the possibility of boosting production to increase revenues.
(AP Photo/Charles Rex Arbogast, File)

Oil falls to 5-year low as supply glut seen lingering

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Futures plunged 46 percent this year, set for the biggest annual drop since 2008, as the Organization of Petroleum Exporting Countries resisted supply cuts to defend market share in response to the highest U.S. output in three decades.
(AP Photo/Nabil al-Jurani, File)

Working overseas dangerous, lucrative for oil and gas employees

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Terrorist groups have increasingly been targeting oil and gas workers for their lucrative kidnapping ransoms.