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Qatar sells May al-Shaheen crude at lower premiums

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By Shoaib Ur RehmanReuters
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SINGAPORE: Qatar Petroleum has sold two cargoes of May-loading al-Shaheen crude at lower premiums than the previous month as peak refinery maintenance season dampened demand in Asia, trade sources said on Thursday.

The cargoes, loading on May 1-2 and May 8-9, were sold at premiums of 12 and 14 cents a barrel to Dubai quotes, putting the month's average premium at 13 cents, they said.

Chinaoil bought one of the cargoes and the second buyer was not immediately known.

Qatar Petroleum last sold April-loading cargoes at an average premium of 25 cents a barrel to Dubai quotes.

 

Copyright Reuters, 2018

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