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Qatar Energy raises Nov al-Shaheen oil term price to highest this year

Published September 15, 2023 Updated September 15, 2023 10:12am
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Photo: REUTERS
Photo: REUTERS
By Reuters
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Qatar Energy hiked the price for term cargoes of al-Shaheen crude oil loading in November to the highest in 2023, trade sources said on Friday, amid tight sour crude supply after Saudi Arabia extended its output cut to the end of the year.

Qatar Energy hikes September al-Shaheen oil term price

The November price was set at about $2.73 a barrel above Dubai quotes, up from October’s $2.10 a barrel and hitting the highest level since December 2022.

Qatar Energy al Shaheen crude oil

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