Key Market Indicators
Algeria's crude oil demand has decreased by 5.3% since 2007. Crude oil production in Algeria is forecast to reach 44.8 million tonnes of oil equivalent by 2026, down 0.9% from 46.5 million tonnes of oil equivalent in 2021. Since 1976, Algerian supply has decreased by an average of 2.5% year on year. In 2021, Algeria was ranked 19th, below Oman's 46.5 million tonnes of oil equivalent. Saudi Arabia, the United States and Iraq occupied the second, third and fourth positions respectively in this ranking.
