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Qatar lowers Dec al-Shaheen oil term price, sources say

Wednesday, 16 October 2024 | 20:00

QatarEnergy has trimmed the term price for al-Shaheen crude oil loading in December, trade sources said on Wednesday, tracking spot market levels this month.

The December term price was set at $1.93 a barrel to Dubai quotes, 16 cents a barrel lower than the $2.09 a barrel for the previous month, they said.

QatarEnergy sold three cargoes at premiums between $1.53 and $1.96 a barrel to Dubai quotes to TotalEnergies, Aramco Trading and Exxon Mobil, the sources said. The cargoes are to load on Dec. 1-2, 26-27 and 27-28.

Separately, QatarEnergy sold a December-loading Qatar Marine crude cargo to Unipec at 60-70 cents a barrel above Dubai quotes and a Qatar Land crude cargo to Vitol at a premium of 80-90 cents a barrel, the sources said.
Source: Reuters (Reporting by Florence Tan and Siyi Liu in Singapore. Editing by Jane Merriman)

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