Qatar sells Sept condensate at 50 cents/$1/bbl discount

16 July 2010 09:58  [Source: ICIS news]

SINGAPORE (ICIS news)--Qatar International Petroleum Marketing (Tasweeq) has sold by tender some 4 million barrels of condensate for September loading from Ras Laffan, traders said on Friday.

The cargoes fetched discount levels of between 50 cents and $1/bbl to Dubai quotes, they said.

Condensates were under pressure from a bearish naphtha market where prices were on a freefall in the face of a supply deluge and tepid demand, traders said.

($1 = €0.78)

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By: Felicia Loo

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