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Qatar lower its June crude oil official selling prices to Asia



By Dhalia Nehme


Petroleumworld 08 07 2018

Qatar has set its June retroactive official selling price (OSP) for its Marine crude at $74.10 a barrel, down from $74.95 a barrel from the previous month, state news agency QNA reported.

That sets the OSP differential for Qatar Marine at 51 cents a barrel above Dubai quotes, 3 cents lower than a month ago.

Qatar also set its June Qatar Land crude OSP at $76.15 a barrel, down from $77.05 from the previous month.

Traders had expected sharper drops in the OSP's premiums to Dubai for both grades based on weak demand in Asia last month.

The smaller-than-expected price adjustments are likely to keep Qatari spot cargoes trading at discounts for a second straight month, traders said.

The following table shows the latest OSPs and their differentials to Dubai in brackets.

June May Change Qatar Marine $74.10 (+$0.51) $74.95 (+$0.54) -$0.85 (-$0.03) Qatar Land $76.15 (+$2.56) $77.05 (+$2.64) -$0.90 (-$0.08)



Story by Dhalia Nehme; Aditional reporting Florence Tan; editing by Louise Heavens from Reuters.
08 06 2018

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