Qatar Petroleum Sells October-Loading al-Shaheen Crude at Spot Discounts

Qatar Petroleum (QP) has sold two cargoes of al-Shaheen crude, loading during Oct. 1-2 and Oct. 28-29, at an average discount of about 60 cents a barrel to Dubai quotes via its monthly spot tender, the lowest since May, trade sources said on Wednesday. QP also set the October al-Shaheen crude price for term buyers at a discount of 58 cents a barrel to Dubai quotes, they said.

The buyers were probably JXTG and HMEL, they said. Last month, QP sold two September-loading cargoes of al-Shaheen crude at an average premium of $1.46 a barrel to Dubai quotes via its monthly spot tender.