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)

To discuss issues facing the chemical industry go to ICIS connect

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index