Qatar Petroleum (QP) has set the term price for al-Shaheen crude cargoes loading in October at $2.62 a barrel above Dubai quotes, the lowest premium in two months, several trade sources said.
The price was set after QP sold three cargoes via a tender at premiums ranging from $2 to $2.68 a barrel, or $2.30 on average, some of the sources said.
A U.S. oil major bought one of the cargoes, according to the sources. The cargoes are to load on Oct. 2-3, Oct. 27-30 and Oct. 1-31.
Last month, QP set the term premium for September-loading cargoes at $2.87 a barrel after selling three cargoes at $2.40 to $2.90 a barrel above Dubai quotes.
Source: Reuters (Reporting by Florence Tan; Editing by Christian Schmollinger and Shounak Dasgupta)