Tagged: Algeria

When Muslim extremists overran an oil and gas facility in Algeria's Sahara desert last month, Algerians saw the drama through the lens of their own painful history.

The news that terrorists had seized the In Amenas oil and gas plant stunned people in Algiers, the Algerian capital, who thought they'd seen the last of such attacks.

A week has passed since the terrorist attack on a natural gas facility in Algeria, but risk analysts and security experts are still undecided about the incident's likely impact in the energy world.

The price of oil, a good indicator of anxiety in the energy market, went up modestly right after the attack, but then it stabilized. No energy company has suspended operations in Algeria, nor has any company announced it will hold off on future investments in North Africa, a key source of oil and gas supplies.

Update at 1:50 p.m. ET: Three Americans Were Killed, State Department Says (See Statement Below).

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As feared, the reports from Algeria about the number of people killed during last week's hostage crisis at a gas plant are getting grimmer.