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Will Algeria’s SOS Call to OPEC be Heeded?

As Oil prices continue falling, hitting their lowest level in five years, Algeria launched an SOS calling the Organization of Petroleum Exporting Countries (OPEC) to lower production and restore the oil market balance. “OPEC needs to intervene to lower production and thus remedy the unbalances of the market,” Algerian energy Minister Youcef Yousfi was quoted […]

Morocco’s car exports jump 39% in first quarter 2021

Morocco’s car exports rose 39% to 22.6 billion dirhams in the first quarter this year, topping all industrial sales as the country’s trade deficit shrinks 11.2% during the same period. The improvement in the trade deficit is actually reflective of a drop in demand by Moroccan manufacturers as a result of the slowdown in key […]

Libya Announces Reopening of Key Oil Terminals, Triggering Fall of Crude

Libya’s oil production and export operations will resume to normal levels after General Khalifa Haftar, the military strongman controlling eastern Libya, agreed to allow four export ports (Ras Lanuf, Es Sider, Zueitina and Hariga) to reopen. The announcement was made Wednesday by the country’s National Oil Corporation, the only Libyan authorized body to export the […]