Oil: Supply and demand are well balanced, Minister


The world crude oil market is currently balanced, Energy Minister Mustapha Guitouni said on Monday, on the sidelines of the opening of the ordinary parliamentary session of the Council of the Nation.


“There is currently a balance between supply and demand,” Guitouni said, according to state news agency APS.

In this aspect, the Minister said that “the draft law on hydrocarbons is under study and the first version could be ready in late December.”

 A Joint Ministerial Monitoring Committee meeting is due to take place in Algiers on Sept. 23. The committee includes OPEC members Algeria, Saudi Arabia, Kuwait, Venezuela and non-OPEC producers Russia and Oman.




An Algerian news website aims at covering all the country’s territory through providing objective and positive image, focusing the most on breaking news.

A dynamic team is working on feeding the website by credible information in all fields of life; a reliable network composed of specialized elements working in harmony with our team in Algiers, the website’s headquarter, provides us more coverage and simultaneity.

“English” is what makes us different in Algeria and ranks us first too not only as a news website; English also makes it simple and fast for Anglophone world to discover our country.


Please enter your comment!
Please enter your name here