The oil market has been supported by supply anxiety
Algeria expects energy export revenues at $50 billion by end of 2022
The head of Sonatrach says Algeria expects energy export revenues to reach $50 billion by the end of 2022, compared with $35.4 billion in 2021.
Friday 24/06/2022
The oil market has been supported by supply anxiety
ALGIERS - Algeria expects energy export revenues to reach $50 billion by the end of 2022, compared with $35.4 billion in 2021, the head of state-owned gas company Sonatrach said, according to the official APS news agency.
The oil market has been supported by supply anxiety after sanctions on oil shipments from Russia, the world’s second-largest oil exporter, and worries Russian output could fall due to sanctions on equipment needed for production.