Qatar Energy raised the price for term cargoes of al-Shaheen crude oil loading in December to a one-year-peak, trade sources said on Thursday, underpinned by the persistent OPEC+ production cuts and the escalation of Middle East tensions.
The December price was hiked to $3.25 a barrel above Dubai quotes, up from November’s $2.73 a barrel, reaching its highest level since December 2022.
Source: Reuters (Reporting by Muyu Xu; Editing by Muralikumar Anantharaman)