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Qatar drops Oct al-Shaheen crude term price, sources say
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Qatar drops Oct al-Shaheen crude term price, sources say
Aug 15, 2024 8:10 PM

SINGAPORE, Aug 16 (Reuters) - QatarEnergy has dropped

the October term price for al-Shaheen crude to 87 cents a barrel

above Dubai quotes, trade sources said on Friday.

The term price, down from a premium of $1.88 a barrel for

September, was set after QatarEnergy sold two cargoes via a

tender, they added.

The producer sold the cargo loading on Oct. 1-2 to

ExxonMobil ( XOM ) at a premium of 80-90 cents a barrel while

the Oct. 26-27 cargo went to Vitol at a premium of 60-70 cents a

barrel, the sources said.

Separately, QatarEnergy sold an October-loading Qatar

Land crude cargo to Shell at 20-30 cents a barrel above

Dubai quotes, while Unipec bought a Qatar Marine cargo at a

small premium to Dubai quotes.

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