Report: Qatar's Oct-loading al-Shaheen Crude Term Price Set at 2-month Low

Florence Tan
Wednesday, August 18, 2021

Qatar Petroleum (QP) has set the term price for al-Shaheen crude cargoes loading in October at $2.62 a barrel above Dubai quotes, the lowest premium in two months, several trade sources said on Wednesday.

The price was set after QP sold three cargoes via a tender at premiums ranging from $2 to $2.68 a barrel, or $2.30 on average, some of the sources said.

A U.S. oil major bought one of the cargoes, according to the sources. The cargoes are to load on Oct. 2-3, Oct. 27-30 and Oct. 1-31.

Last month, QP set the term premium for September-loading cargoes at $2.87 a barrel after selling three cargoes at $2.40 to $2.90 a barrel above Dubai quotes. 

(Reporting by Florence Tan; Editing by Christian Schmollinger and Shounak Dasgupta)

Categories: Middle East Activity Energy Production

Related Stories

Petrojarl I FPSO Extends Stay at Enauta's Atlanta Field, Offshore Brazil

Energean Expects First Gas from Karish Offshore Field by Q3

Equinor Wins 26 Production Licenses Off Norway. Plans to Drill 25 Exploration Wells in 2022

Current News

Malaysia Charges Second Aker Solutions Official with Using False Documents

Neptune Energy Boosts Output from Gjøa Offshore Platform in Norway

Tanzania Hires U.S. Law Firm as Advisor for LNG Project

Brazil's Enauta May Sell Stake in Atlanta Offshore Field

Subscribe for OE Digital E‑News