Steady as Qatar OSP differentials unchanged

SINGAPORE: Qatar lowered its October official selling prices for its Marine crude by $2.35 per barrel to $109.95 per barrel, while its differential to the Dubai average remained steady at $1.08 per barrel.

Sentiment had been subdued after Saudi Arabia raised its OSP for light grades and Abu Dhabi National Oil Company (ADNOC)'s differentials increased.

Traders said the outlook for light grades has turned bearish with some expecting Murban crude's January cargoes to trade at a discount to OSP this month from a small premium at which the December cargoes traded.