Qatar cuts July Marine OSP to $71.25/bbl, down $1.50
The July price was set at a discount of $1.24 to the average price.
August 6, 2010 9:00 by Reuters
Qatar has lowered its July retroactive official selling price (OSP) for its Marine crude to $71.25 a barrel, down $1.50 from June, a trader said on Friday.
The July price was set at a discount of $1.24 to the average price for the month of benchmark Dubai crude, unchanged from June.
The Gulf Arab state also set the July Qatar Land crude OSP at $72.35, down $1.65 from June, the trader said. That represents a 14-cents discount to Dubai crude, down from a 1-cent premium in June.
Qatar is one of OPEC’s smallest members, pumping around 800,000 barrels per day.
(Reporting by Osamu Tsukimori)