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QatarEnergy cuts Aug term price for al-Shaheen crude, sources say

Monday, 17 June 2024 | 13:00

QatarEnergy has cut the August term price for al-Shaheen crude to a premium of $1.21 a barrel above Dubai quotes, trade sources said, down from a premium of $1.82 a barrel in July.

The term price was set after QatarEnergy sold three cargoes via a tender, traders said.

Aramco Trading was awarded the first cargo at $1.25 a barrel above Dubai quotes while the second cargo went to P66 at a premium of 90 cents a barrel, they said. A Chinese major took the third cargo at a premium of 80-90 cents a barrel, the traders said.

Separately, QatarEnergy sold an August-loading Qatar Marine cargo to Cathay Petroleum at 30 cents above Dubai quotes and a Qatar Land cargo loading in the same month to Shell at a discount of 20 cents to Dubai quotes, they added.
Source: Reuters (Reporting by Florence Tan, Editing by Tomasz Janowski)

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