Qatar Sells June Al-Shaheen Crude At 10-Month High - Gulf Business
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Qatar Sells June Al-Shaheen Crude At 10-Month High

Qatar Sells June Al-Shaheen Crude At 10-Month High

The cargoes were sold at 37-40 cents a barrel below Dubai quotes via a tender, averaging at a discount of 39 cents a barrel.

Qatar’s Tasweeq has sold five cargoes of al-Shaheen crude for June loading at the highest levels in 10 months on robust demand in Asia, trade sources said on Friday.

The cargoes were sold at 37-40 cents a barrel below Dubai quotes via a tender, averaging at a discount of 39 cents a barrel, more than $1 higher than the previous month, they said.

ExxonMobil bought two cargoes, while Petronas, TonenGeneral and PTT purchased one each, the sources said.

The June discounts were the strongest differentials fetched in Tasweeq’s tenders since cargoes that loaded in August last year, Reuters data showed.

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