| Kippreport.com

Qatar Ups March Marine Crude Osp To $124.90-Report

April 7, 2012 12:11 by kippreport

Qatar has raised its March retroactive official selling price (OSP) for Qatar Marine crude to $124.90 a barrel, up $6.50 from February, Qatar News Agency said.

This puts the Qatar Marine OSP at a $2.43 per barrel premium to March Dubai quotes average of $122.47, compared with a $2.24 premium in February.

The Gulf Arab state also set the March Qatar Land crude OSP at $126.00, up $6.45 from February, the report said.

The Qatar Land OSP is at premium of $3.53 a barrel above Dubai quotes, compared with a $3.39 premium for February.

Qatar is one of OPEC’s smallest oil producers.  (Reporting by Osamu Tsukimori; Editing by Ed Davies)