Middle East Crude-Qatar OSPs within expectation

SINGAPORE: Middle East crude benchmarks edged up on Tuesday while Qatar released its official selling prices at levels in line with market expectation.

OSPS: Qatar has set its February retroactive OSP for its Marine crude at $65.10 a barrel, up $5.65 a barrel from the previous month, two sources with knowledge of the matter said.

That sets the OSP differential for Qatar Marine at 53 cents above Dubai quotes, 16 cents higher than a month ago.

Traders said this was in line with spot trades seen last month.

Qatar also set its February Qatar Land crude OSP at $65.40, up $5.45 from the previous month, they said.

Qatar Land's OSP premium to Dubai quotes is at 83 cents a barrel for February, down 4 cents from the previous month.

ASIA-PACIFIC CRUDE: PV Oil has sold 200,000 barrels of Song Doc crude for loading in April to BP at a premium of more than $3 a barrel to dated Brent, traders said. The Vietnamese state oil marketer has also likely awarded a Bach Ho heavy crude cargo loading in April at a premium of more than $3 a barrel to dated Brent, one of the traders said.