The black gold market evolves according to supply and demand, but also to the geopolitical context that the world is experiencing. Algeria has adapted its finance law on the basis of a barrel at 40 dollars.

It took a historic drop of nearly 10 million barrels per day, decided on April 9, by the Organization of Petroleum Exporting Countries and its 10 non-OPEC allies, including Russia, for the black gold market to picks up colors. Prices have seen an exceptional jump since their historic plunge on April 20, 2020.
Russia had already announced that it would be satisfied with a barrel at 60 dollars. Higher prices could create problems for consuming countries, affect the global economy and favor Russia's competitors such as shale oil producers in the United States, the Russian president said.
Algeria, which established its finance law on the basis of a barrel at 40 dollars, must also find its account. The country would need a barrel at 60 dollars, for two years, to balance its finances, according to the former Minister of Energy.
The unprecedented decisions taken by the President of the Republic to reduce the impact of the plunge in black gold prices on the entire national economy have certainly made it possible to refine this range.