Qatar has followed Saudi Arabia in cutting the price of its al-Shaheen crude for May deliveries, Reuters has reported, citing trade sources. Al-Shaheen for delivery in May will now cost $1.29 per barrel above the Dubai benchmark—or less. According to the Reuters sources, Qatar has already contracted four cargos of al-Shaheen for Vitol at a price of $1.
17 per barrel above the Dubai benchmark. Another cargo has been committed to China’s CNOOC, at a price $1.30 per barrel above the Dubai benchmark. Al-Shaheen cargos for delivery in April…Qatar Cuts Prices for Its Oil
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