TOKYO: Qatar, one of OPEC's smallest producers, has notified at least one Asian buyer that it will supply Marine and Land crude at full contracted volumes for October, unchanged from September levels, a trade source said on Tuesday.
The move was expected as Qatar has been supplying both grades to customers at full contracted volumes since August 2009, the source said.
Qatar gave buyers an option of asking for cargoes to be 5 percent more or less than contracted volumes, unchanged from the previous month, the source added.
Oil refiners are expected to decide whether to exercise the option after top supplier Saudi Arabia notifies buyers of its October supplies as early as next week.
Copyright Reuters, 2011
Comments
Comments are closed.