Back

Rising Oil Prices Boost Algeria's Revenues, Brent Set to Reach $80

February 28, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Rising Oil Prices Boost Algeria's Revenues, Brent Set to Reach $80

Algeria has gained additional financial benefits as oil prices rose to around $72 per barrel, an increase of $12 from the reference price set in the 2026 finance law at $60 per barrel. Barclays Bank has suggested the possibility of Brent crude rising to $80 in the event of significant disruptions in global supplies. The current price level means direct support for oil revenues, with expectations of further increases in revenues if the bank's estimates are realized, which could raise the difference to about $20 additional per barrel compared to the reference used in the budget. Read the full content on الشروق أونلاين.

Share on social media

Related Articles

News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.