Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
26 December 2022 | Other

Oil price will be at the level of $70 per barrel in 2023–2024, according to Algerian authorities

Brent
WTI Light Crude Oil

At the end of last week, Algerian President Abdelmadjid Tebboune signed the state budget law for 2023. As Algeria Press stated, this document contains macroeconomic and budgetary data for the following year, along with forecasts for 2024 and 2025.

The crude oil market price is expected to be about $70 per barrel until 2025. The reference price for oil is projected to be at $60 per barrel.

According to the authorities’ forecasts, next year’s inflation should slow down and reach 5.1%. In 2024, it will decline by around 0.6% more and supposedly reach 4% in 2025. Economic growth, in turn, will gradually begin to gain momentum, moving from 4.1% in 2023 to 4.6% in 2025.

Company MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 58.4K to 54.9K
23 December
United States. API Weekly Crude Oil Stock. The value of the indicator has increased from -9.3M to 2.4M
23 December
United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 55K to 58.4K
19 December
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 548 to 542
19 December
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 414 to 406
19 December
Top news
United States. GDP (QoQ). The value of the indicator has increased from 3.8% to 4.3%
23 December
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 0.5% to 0.75%
19 December
United States. CPI (YoY). The value of the indicator has decreased from 3% to 2.7%
18 December
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
18 December
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
18 December
All news

Forecasts

USDCAD sell
Period: 09.01.2026 Expectation: 1000 pips
Breaching 1.373 support paves way for USDCAD drop to 1.358
Hot news Indicators Chart analysis
Yesterday at 11:26 AM 25
Tom_Kern
EURUSD sell
Period: 31.12.2025 Expectation: 1600 pips
EURUSD poised to test yearly peak on dollar softness
FA Other TA Other Technical analysis Indicators Fundamental analysis
Yesterday at 11:15 AM 17
Lyra_Moonwell1
Gold buy
Period: 28.02.2026 Expectation: 12000 pips
Investing in gold from $4,380
FA Other TA Other
Yesterday at 08:34 AM 31
Bruce_Powers
NVIDIA Corporation buy
Period: 31.12.2025 Expectation: 1200 pips
NVIDIA gains as China H200 chip shipment hopes build
FA Other Technical analysis Hot news Indicators Fundamental analysis
Yesterday at 07:34 AM 11
Emily_Foster
S&P 500 buy
Period: 31.12.2025 Expectation: 900 pips
Buying SPX on dip toward $6,810
Indicators and reports Chart analysis
Yesterday at 05:08 AM 18
Bruce_Powers
AUDUSD buy
Period: 31.12.2025 Expectation: 840 pips
Buying AUDUSD amid monetary policy divergence and technical rebound
FA Other TA Other Technical analysis Indicators Fundamental analysis
23 December 2025 47
Lyra_Moonwell1
Go to forecasts