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Algeria Cuts April Price for Saharan Blend Crude

Source: Reuters 3/27/2014, Location: Africa

Algeria has cut its April official selling price (OSP) for Saharan Blend crude oil to dated Brent plus 40 cents a barrel from plus $1.40 in March, state firm Sonatrach said.

Light grades in the Mediterranean have come under pressure in the past weeks despite Libyan production outages due to abundant supplies of Azeri Light and CPC and refinery maintenance in Europe.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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