Qatar raises May Marine crude OSP differential by 15 cents/b on month

Singapore — Qatar Petroleum has lifted the May official selling price differentials of its Marine and Land crude oil grades by 15 cents/b and 5 cents/b, respectively, from April, according to a notice on its website April 9.

The May OSP differential for Qatar Marine was set at $1.05/b against the average of the Platts Dubai and Platts Oman crude assessments in the month of loading, up from 90 cents/b in April.

The Qatar Land OSP differential for May was set at 80 cents/b against the average of Platts Dubai and Oman crude assessments in the month of loading, up from 75 cents/b in April.

The April OSP differentials for both grades were the highest since August 2020, according to S&P Global Platts data.

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)