Global Analysis from the European Perspective. Preparing for the world of tomorrow

Algeria warns Saudi Arabia, Russia against increasing oil output

Russia and Saudi Arabia will face “dire consequences” if they increase their oil production, the head of the state energy firm said. “Member nations of the Organisation of Petroleum Exporting Countries (OPEC) and the leading non-OPEC oil producer Russia, should maintain the Algiers Pact they forged in September 2016 so that oil prices will continue to ramp up,” Sonatrach CEO Abdelmoumen Ould Kaddour said. “A fall in the price per barrel won’t serve the interests of the big oil producers,” Kaddour stressed. Source Middle East Monitor

GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.