Free Trial

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.
73 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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.