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Algeria sets reference price for oil at $60 barrel through 2023/2025

admin-augaf by admin-augaf
December 26, 2022
in Business, Finance, International
Reading Time: 1 min read
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Algeria sets reference price for oil at $60 barrel through 2023/2025
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Algiers December 26 2022: Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state news agency (APS) said on Sunday, citing the 2023 budget approved earlier in the day by President Abdelmadjid Tebboune.

The budget set the market price for crude oil at $70 a barrel during the same period.

The North African country expects inflation to reach 5.1% and sees economic growth at 4.1% in 2023, APS said.


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Tags: OILOPEC
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