Qatar Petroleum has raised the July official selling price differentials of its Marine and Land crude oil grades by 15 cents/b and 20 cents/b, respectively, from June, according to a notice on its website June 9.
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Register NowThe July OSP differential for Qatar Marine was set at $1.15/b against the average of the Platts Dubai and Platts Oman crude assessments in the month of loading, up from $1/b in June.
The Qatar Land OSP differential for July was set at 90 cents/b against the average of Platts Dubai and Oman crude assessments in the month of loading, up from 70 cents/b in June.
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.
(Unit: $/b)
GRADE
MAY
JUNE
JULY
Change
QATAR LAND
0.8
0.7
0.9
0.2
QATAR MARINE
1.05
1
1.15
0.15