Economic Policy

Government economic decisions, reforms, budgets, and fiscal policy

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OPEC Monitors: How Does Algerian Crude Move?

OPEC Monitors: How Does Algerian Crude Move?

The report from the Organization of the Petroleum Exporting Countries (OPEC) for August 2026 highlights the ongoing transformations in the global oil market, as prices declined in July, while Algerian 'Sahara Blend' crude maintained its appeal to refineries, thanks to its technical characteristics and proximity to European markets. Demand forecasts are gradually improving for the last quarter of 2026 and 2027. According to OPEC's monthly report, the average OPEC reference basket (ORB) recorded a decline of $6.76 per barrel in July, a decrease of 7.5%, settling at $82.99 per barrel. The price of the benchmark Brent crude also fell to $83.97 per barrel, down by $0.46.

Sep 2, 2026echoroukonline.com
Belaribi follows up on the ground in Jijel the rehabilitation of housing and facilities affected by forest fires

Belaribi follows up on the ground in Jijel the rehabilitation of housing and facilities affected by forest fires

The Minister of Housing, Urban Planning and the City, Mohamed Tarek Belaribi, traveled today, Wednesday, to the state of Jijel to monitor the progress of measures to address the effects of the fires that affected several states, particularly regarding the rehabilitation of damaged housing and school facilities, according to a statement from the ministry.

Sep 2, 2026radioalgerie.dz
Mohamed Lamine Labo Takes Office as Minister of Finance

Mohamed Lamine Labo Takes Office as Minister of Finance

Mr. Mohamed Lamine Labo officially took office as Minister of Finance today, Wednesday, succeeding Abdel Karim Boualzerd, following the partial cabinet reshuffle carried out by the President of the Republic, Mr. Abdelmadjid Tebboune, yesterday, Tuesday. The handover ceremony took place at the ministry headquarters, attended by the Director General of Customs, General Abdelhafid Bekhouch, ministry officials, and heads of institutions under supervision.

Sep 2, 2026radioalgerie.dz
Gold Falls to Lowest Level in Over Three Weeks

Gold Falls to Lowest Level in Over Three Weeks

The price of gold fell today, Wednesday, to its lowest level in over three weeks as investors await U.S. jobs data. Gold dropped in spot transactions by 0.6 percent to $4304.01 per ounce, the lowest level since August 7, heading for a fourth consecutive session of losses, and remained below its 200-day moving average, a closely watched technical level.

Sep 2, 2026radioalgerie.dz