Qatar raises May term price for al-Shaheen crude

SINGAPORE: QatarEnergy raised slightly the May term price for al-Shaheen crude after selling two cargoes via its monthly tender, trade sources said on Friday.

The term price for May-loading cargoes was set at $1.47 a barrel above Dubai quotes, up from $1.40 in the previous month, they said.

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In the tender, one of the May-loading cargoes was sold to Petronas at $1.50-$1.60 a barrel above Dubai quotes while the other went to Unipec at a premium of $1.20-$1.30 a barrel, traders said.

Last month, QatarEnergy sold April-loading cargoes to Shell and Chinaoil at premiums between 60 cents and $1.46 a barrel.