Algiers News

China and Algeria voiced commitment here Wednesday to step up bilateral strategic and cooperative relations and called for intensified cooperation in fields such as infrastructure, energy and resource exploration. In his meeting with Algerian Prime Minister Ahmed Ouyahia, visiting Chinese...

Algeria— The Algerian Interior Ministry says a terrorist group has kidnapped and killed the mayor of a town east of Algiers. A ministry statement Thursday says that Mayor Fateh Bouchibane was abducted late Wednesday by a group it did not...

The oil producers' cartel Opec has agreed to make a record cut in output, slashing 2.2 million barrels per day from its current supply. Opec has made two other cuts since September, meaning it has cut a total of 4.2...

Chakib Khelil's comments came as Iran called for a new output cut of at least 1 million barrels per day, in addition to the 1.5 million cut decided by the Organization of Petroleum Exporting Countries on Oct. 24 to try...

The International Energy Agency cut its projection for growth in worldwide oil consumption by 33 percent Friday. The IEA had previously said oil consumption would grow about 1.5 million barrels a day from 2008-13...The IEA also said it could lower...

In the second half of this year, the international oil prices dropped rapidly from 147 dollars per barrel at the beginning of July to below 50 dollars.

Fuel prices peaked in July but have declined sharply since then. The new report from the Transportation Department's Bureau of Transportation Statistics covers the third quarter, which ran from July through September.

But for all its talk of the need to protect its national interest amid declining revenues, Russia is unlikely to contribute meaningful reductions beyond already expected declines in the country's production that are resulting from underinvestment. Led by Saudi Arabia,...

Argentina and Algeria on Monday signed four cooperation agreements on nuclear energy for civil use, public health, information exchange and cultural promotion.     Visiting Argentine President Cristina Fernandez and her Algerian counterpart Abdelaziz Buteflika attended the signing...