Feb 06 2012 |
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UPDATE: Jan Qatar Land Crude OSP At $113.30/Bbl, +$2.55 On Month -QNA
Monday, Feb 06, 2012
(Adds price comparisons with rival grades in third paragraph, Qatar Marine price in fourth paragraph, price table at the end.)
By Gurdeep Singh
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)-- Qatar Petroleum has raised its crude oil official selling prices retroactively for January term supply, posting Qatar Land at $113.30 a barrel, Qatar News Agency reported Monday.
The $2.55 hike from the December OSP brings the medium, high-sulfur or "sour" grade to the equivalent of a $3.50-a-barrel premium to benchmark Dubai crude--a cut of 82 cents on month.
Rival Murban crude's January differential to Dubai was earlier cut by 97 cents a barrel on month, while Saudi Arabia Sunday reduced the March Arab Extra Light OSP by 50 cents a barrel.
Qatar Petroleum 's crude oil official selling prices, in U.S. dollars a barrel, follow:
Grade Jan Dec Change
Qatar Land 113.30 110.75 +2.55
Premium to Dubai +$3.50 +4.32 -0.82
Qatar Marine 112.20 109.50 +2.70
Premium to Dubai +2.40 +3.07 -0.67
(END) Dow Jones Newswires
06-02-12 1107GMT
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