Qatar’s crude cargo trades at discount of $1.15/bbl Dubai quotes

15 July 2010 08:49  [Source: ICIS news]

SINGAPORE (ICIS news)--A 600,000-barrel cargo of Qatar’s medium heavy al Shaheen crude for September traded at Dubai quotes with a discount of $1.15/bbl (€0.90/bbl), market players said on Thursday.

The price differentials for medium/heavy sour crude were improving on the back of firm fuel oil crack spreads, traders said.

By 0746 GMT, US crude futures for August dropped by 35 cents at $76.69/bbl, ICIS data showed.

($1 = €0.79)

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By: Felicia Loo

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