Qatar lowers June Marine crude OSP differential by 5 cents/b, Land by 10 cents/b

Qatar Petroleum has lowered the June official selling price differentials of its Marine and Land crude oil grades by 5 cents/b and 10 cents/b, respectively, from May, according to a notice on its website May 10.

The June OSP differential for Qatar Marine was set at $1/b against the average of the Platts Dubai and Platts Oman crude assessments in the month of loading, down from $1.05/b in May.

The Qatar Land OSP differential for June was set at 70 cents/b against the average of Platts Dubai and Oman crude assessments in the month of loading, down from 80 cents/b in May.

Qatar Petroleum has been issuing OSP differentials on a prospective basis since March 2020, prior to which its OSPs were set on a retrospective basis.