Qatar ups Aug Marine, Land crude OSPs -report
The August price was set at a discount of $1.19.
September 6, 2010 10:57 by Reuters
Qatar has raised its August retroactive official selling price (OSP) for Qatar Marine crude to $72.90 a barrel, up $1.65 from July, Qatar News Agency said on Monday.
The August price was set at a discount of $1.19 to the average price for the month of benchmark Dubai crude, narrower than a discount of $1.24 for July and June.
The Gulf Arab state also set the August Qatar Land crude OSP at $73.95, up $1.60 from July, the agency said. That represents a 14 cents discount to Dubai crude, unchanged from July.
Qatar is one of OPEC’s smallest members, pumping around 800,000 barrels per day. (Reporting by Osamu Tsukimori and Risa Maeda; Editing by Joseph Radford)