Commercial sources confirmed today, Friday, that "QatarEnergy has raised the price of Qatari marine crude shipments for buyers under fixed-term contracts, following a recent rise in oil prices in the Middle East amid expectations of a tight supply of high-sulfur crude." The price for September has been set at a premium of $1.68 per barrel above the prices offered for Dubai crude, up from $1.08 per barrel in August, which was close to the lowest level in 27 months. The sources stated that "Total Energies' trading arm, Totsa, likely purchased 3 shipments, while ExxonMobil may receive 2 shipments in the tender." The shipments are scheduled to be loaded between September 1-2, September 15-16, September 23-24, September 25-26, and September 26-27.
QatarEnergy Raises Qatar Marine Crude Price
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