ALGERIA

Saharan Blend Down $1/B 

Algeria has announced a $1/B reduction in the price of its 44°API Saharan Blend crude to $29.50/B effective 20 March, in a move seen as a partial accommodation to market realities in the wake of the Geneva OPEC agreement on the realignment of differentials (MEES, 4 February). At the time Algeria, Libya and Iran dissociated themselves from the agreement and maintained their previous prices, although Iran subsequently fell in line with the OPEC...