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Qatar ups Sept Marine OSP to $74.15/bbl – report
The September price was set at a discount of 97 cents a barrel .
October 8, 2010 10:47 by Reuters
Qatar has raised its September retroactive official selling price (OSP) for Qatar Marine crude to $74.15 a barrel, up $1.25 from August, Qatar News Agency said.
The September price was set at a discount of 97 cents a barrel to the average price for the month of benchmark Dubai crude, narrower than a discount of $1.19 for August.
The Gulf Arab state also set the September Qatar Land crude OSP at $75.20, up $1.25 from August, the report said.
That represents an 8 cents a barrel premium to Dubai crude, improved from a 14 cent discount for August.
Qatar is one of OPEC’s smallest members, pumping around 800,000 barrels per day.
(Reporting by Osamu Tsukimori; Editing by Chris Gallagher)