Qatar Crude Falls as Low Profits Affects Refiners
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Wednesday, 25 November 2009 |
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Crude oils from Qatar, which last year sold all of its supplies to
Asia, fell as low processing profits discouraged refiners from
purchasing.
Qatar Marine for January loading declined 3¢ to a premium of 10¢ a
barrel against its official selling price, according to data compiled
by Bloomberg. Qatar Petroleum, the state-owned oil company, sold nine
cargoes of Al- Shaheen grade at a discount of as much as 80¢ a barrel
to the price of benchmark Dubai, said three traders who participate in
the market. It sold at a discount of 10¢ last month. Refiners are
reluctant to purchase crude supplies amid processing losses.
PetrolWorld 21109
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