QatarEnergy has raised the September term price for al-Shaheen crude to $1.88 a barrel above Dubai quotes, trade sources said on Wednesday, the highest premium in three months.
The term price, up from a premium of $1.21 a barrel for August, was set after QatarEnergy sold three cargoes via a tender, they added.
Glencore bought the first cargo loading on Sept. 1-2 at a premium of $1.90 a barrel, while Totsa purchased the remaining two loading on Sept. 17-18 and 25-26 at a premium of $1.80 a barrel, the sources said.
Source: Reuters (Reporting by Florence Tan, Editing by Louise Heavens)