LONDON- Algeria's state oil firm Sonatrach has raised its July official selling price for its Saharan Blend crude grade to dated Brent plus 85 cents a barrel, the company said on Thursday.
The June OSP was lower at dated Brent plus 40 cents a barrel. The increase reflects a tighter market due to OPEC+ cuts, oil locked in storage and the easing of COVID-19 lockdowns globally.
(Reporting by Ahmad Ghaddar, Writing by Julia Payne; Editing by Edmund Blair) ((julia.payne@thomsonreuters.com; +44 207 542 1836;))
