Latest news with #al-Shaheen
Business Recorder
17-07-2025
- Business
- Business Recorder
Qatar hikes September al-Shaheen crude term price to 5-month high, sources say
SINGAPORE: QatarEnergy raised the term price for al-Shaheen crude loading in September to $3.33 a barrel above Dubai quotes, sources said on Thursday, up 85 cents from the previous month and the highest in five months. The price hike came after spot premiums for Middle East crude rose so far this month, supported by robust margins, especially for diesel. The price was set after the producer sold five cargoes loading in the same month to PetroChina, Vitol and Japanese refiner Idemitsu Kosan via its monthly tender, the sources said. Separately, QatarEnergy also sold one September-loading Qatar Marine and Land crude each to PTT at premiums between $2.20 and $2.30 a barrel above Dubai quotes, they added.
Reuters
17-04-2025
- Business
- Reuters
Qatar raises June term price for al-Shaheen oil, sources say
SINGAPORE, April 16 (Reuters) - QatarEnergy has increased the term price for al-Shaheen crude oil loading in June, setting it at a premium of $1.76 per barrel above Dubai quotes, trade sources said on Wednesday. The term price marked a first-time increase in three months and a rise from the premium of $1.29 per barrel set for May-loading cargoes. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. The rise in premiums followed similar increases in Middle East crude benchmarks Dubai and Oman this month amid more buying interests after oil prices dropped. The producer sold two cargoes to Vitol at a premium of $1.68 to $1.75 a barrel above Dubai quotes, one cargo to ExxonMobil (XOM.N), opens new tab at a premium of $1.71 a barrel and one to Trafigura at around $1.70 a barrel, they said. The cargoes are to load on June 1-2, 14-15, 26-27 and 27-28. Separately, QatarEnergy also sold a Qatar Land crude cargo to Shell and a Qatar Marine cargo to Unipec, the sources said. The companies typically do not comment on their commercial deals.
