March 14, 2025 08:44 GMT
OIL: QatarEnergy Cuts al-Shaheen Premium in May to $1.29/bbl
OIL
QatarEnergy has cut the term price for al-Shaheen crude oil loading in May, to a premium of $1.29/bbl above Dubai quotes according to Reuters sources.
- April was set at a premium of $3.50/bbl while March was a two-year high at $3.81/bbl.
- QatarEnergy sold five cargoes via its monthly tender to load in May.
- The cut followed declines in Middle East crude benchmarks Dubai and Oman amid ample supply and lower refinery maintenance season demand in Asia.
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