Algeria Seeks 24% Jump In Oil Cost to $19 a Barrel
Algeria reptdly requests premium of more than 24% on top of 3.8% oil price increase already scheduled by OPEC for 2d qr, which would mean a price of $19 a bbl, and asks cos to cut back purchases by 10â15%; cutback seen as means of releasing more oil for sale on spot mkt; Venezuela confirms 40% increase in price of home heating oil and other light oil products next mo; Iraq raises crude oil prices 1.20 a bbl; speculation on other increases noted (M)