The recent jump in oil prices means Algeria may yet avoid a third straight $10bn+ trade deficit.

Algeria’s latest official gas output figures for May and July, at 6.79bcm and 6.91bcm respectively, were the lowest since October 2015, whilst exports for July, at 3.72bcm were the lowest since March 2016.

Whilst Algeria has not released June data, import figures for key customers Italy and Spain, who collectively take around two-thirds of volumes, indicate that volumes were lower still,...