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 increased from 129.9K to 136.6K
Today at 7:30 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 588 to 591
Today at 5:02 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 449 to 450
Today at 5:02 PM
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 6.9M to 7M
Yesterday at 10:48 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.08M to -0.684M
Yesterday at 4:00 PM
Top news
United States. CPI (YoY). The value of the indicator remained at the same level of 3.4%
Today at 12:30 PM
European Union. Deposit Facility Rate. The value of the indicator has increased from 2.25% to 2.5%
Yesterday at 12:16 PM
European Union. ECB Interest Rate Decision. The value of the indicator has increased from 2.4% to 2.65%
Yesterday at 12:16 PM
European Union. GDP (QoQ). The value of the indicator has increased from 0.4% to 0.6%
7 September
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.2% to -0.3%
6 August
All news

Forecasts

AUDUSD sell
Period: 11.10.2026 Expectation: 3200 pips
Going short on AUDUSD ahead of US Fed meeting
Indicators and reports FA Other Hot news Chart analysis
Today at 10:08 AM 18
Reed_Marcus
S&P 500 sell
Period: 30.09.2026 Expectation: 2000 pips
SPX sell-off targets $7,400
FA Other TA Other
Today at 09:23 AM 16
Bruce_Powers
Tesla Inc buy
Period: 25.09.2026 Expectation: 2800 pips
Buying Tesla stock with $390 in view
Indicators and reports FA Other Indicators Hot news
Today at 06:53 AM 32
Sinclair_John
AUDCAD buy
Period: 10.10.2026 Expectation: 2500 pips
Buy AUDCAD upon breaking 1.00000
Indicators and reports FA Other Indicators Hot news
Yesterday at 09:31 AM 22
Sinclair_John
ETHUSD buy
Period: 24.10.2026 Expectation: 8500 pips
Invest in ETHUSD with $2,565 target
Indicators and reports FA Other Indicators Hot news
Yesterday at 08:17 AM 27
Reed_Marcus
NVIDIA Corporation sell
Period: 23.09.2026 Expectation: 2500 pips
NVIDIA sell-off targets $200
Indicators and reports FA Other Indicators Hot news
09 September 2026 53
Reed_Marcus
Go to forecasts