Qatar Petroleum sells June-loading al-Shaheen crude at lower premiums -sources

Exxon Mobil took the early-month cargo, while Rongsheng Petrochemical took the two end-month cargoes, the sources said

  
The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017.

The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017.

REUTERS

SINGAPORE - * Qatar Petroleum (QP) has sold three cargoes of al-Shaheen crude, loading June 1-2, June 27-28, and June 28-29, at an average spot premium of around $1.20 a barrel to Dubai quotes via a monthly tender, trade sources said on Friday

* Exxon Mobil took the early-month cargo, while Rongsheng Petrochemical took the two end-month cargoes, the sources said

* QP also set the al-Shaheen monthly term price at $1.21 above Dubai quotes, one of the sources said

* In pre-tender spot trades, June-loading al-Shaheen crude changed hands at around $1.40-$1.50 above Dubai quotes, traders said

* Last month, QP sold two May-loading al-Shaheen crude cargoes at around $1.60 to Dubai quotes via its monthly tender, while setting the term price at $1.59 above Dubai

(Reporting By Shu Zhang) ((shu.zhang@thomsonreuters.com; +65-6870-3549; Reuters Messaging: Twitter @shuzhang4))


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