Qatar hikes June term price for al-Shaheen oil to 1-year high, sources say
SINGAPORE: QatarEnergy has raised the June term price for al-Shaheen crude oil to its highest premium in a year, according to three trade sources.
The premium for June-loading al-Shaheen crude rose to $2.48 a barrel above Dubai quotes. The producer sold all five cargoes to TotalEnergies.
The jump in premiums followed increases in Middle East crude benchmarks Dubai and Oman as fighting broke out between Israel and Iran last week, raising concerns of supply disruptions in the key producing region.
Last month, QatarEnergy sold May-loading al-Shaheen crude at a premium of $1.29 a barrel to Vitol. (Reporting by Florence Tan; Editing by Christian Schmollinger)
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