Qatar Raises December Crude Prices

Shakeel Ahmad
Tuesday, November 9, 2021

Qatar Petroleum raised the official selling prices (OSP) of its marine and land crudes in December, a pricing document posted on its website showed on Tuesday.

Qatar marine was set at a premium of $2.20/barrel over the Dubai/Oman crudes average and Qatar land was priced at a premium of $2.55/barrel over the same benchmark.

In November the OSP for marine crude was set at a premium of $1.30 and land crude at a premium of $1.35.

Qatar's move comes after Saudi Arabia's state-owned oil producer Aramco raised last week its December official selling price to Asian customers, suggesting demand remains strong at a time of tighter supplies.

(Reporting by Shakeel Ahmad, Editing by Louise Heavens)

Categories: Energy Middle East Industry News Activity Production

Related Stories

AIQ, Quartermaster Join Forces on AI-Powered Offshore Security

Oil Prices Slide as Trump Signals Pause in Iran Strikes

Finland to Tender Four Offshore Wind Areas

Current News

Nova Scotia, Massachusetts Explore Joint Offshore Wind Power Developments

Seaway7 Starts Cable Installation at Ørsted’s Hornsea 3 Wind Farm

Scotland-England Subsea Power Link Secures Marine License

Norway's Top Court Invalidates Three Offshore Oilfield Approvals

Subscribe for OE Digital E‑News