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Qatar Lowers December Al-Shaheen Crude Oil Price, Sources Report

by Krystal

QatarEnergy has reduced the term price for al-Shaheen crude oil loading in December, as reported by trade sources on Wednesday. This adjustment aligns with trends in the spot market observed this month.

According to the sources, the December term price is now set at $1.93 per barrel, which is a decrease of 16 cents from last month’s price of $2.09 per barrel.

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The company sold three cargoes of crude oil to TotalEnergies, Aramco Trading, and ExxonMobil. The premiums for these cargoes ranged from $1.53 to $1.96 per barrel. These shipments are scheduled to load on December 1-2, 26-27, and 27-28.

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Additionally, sources indicated that QatarEnergy sold crude oil from Qatar Land to Vitol at a premium of 80 to 90 cents per barrel above Dubai prices.

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