BLBG:Algeria Sets July Saharan Crude at 40 Cents a Barrel Above Dated
Algerian state-run oil producer Sonatrach set its official selling price for its benchmark Saharan Blend crude for July loading at 40 cents a barrel more than Dated Brent, a company official said.
This compared with a premium of $1.70 for June, the official said today, declining to be identified because of company policy.
Algeria, Africa’s third-largest oil producer, pumped 1.26 million barrels a day in June, according to data compiled by Bloomberg.
To contact the reporter on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
