Sahara land oil prices, the Algerian reference crude, increased by $13.13 during the month of June compared to May, supported mainly by the increase in demand for crude.
And according to the monthly report of the Organization of the Petroleum Exporting Countries today, Tuesday, “the monthly average price of Algerian crude rose from 115.28 dollars a barrel last May to 128.31 dollars in June, recording an increase of 11.3 percent.”
On the basis of this increase, Saharaland Petroleum occupied the first place among the most expensive crudes during the month of May, and the 13th among OPEC crudes, according to the report.
This rise comes in a circumstance characterized by a rise in crude prices in the global market for the second month in a row, supported mainly by “the fundamentals of the oil market and the high demand for crude,” according to the organization.
