| Kippreport.com

Qatar keeps July crude supply to Asia steady

May 30, 2012 1:30 by Reuters

Qatar, one of OPEC’s smallest producers, has notified at least one Asian buyer that it will supply Marine and Land crude at full contracted volumes for July, unchanged from June levels, a trade source said on Wednesday.

The move was expected as Qatar has been supplying both grades to customers at full contracted volumes since 2009.

Qatar gave buyers the option of asking to load each vessel with 5 percent more or less than contracted volumes, the same as the previous month, the source added.

Oil refiners in Japan will decide whether to exercise the option to offset a sharp decline in Iranian crude imports in April due to pressure from the United States and the European Union.

(Reporting by Osamu Tsukimori; Editing by Michael Watson)

Tags: allocations, asia, Energy, oil refiners, opec, Qatar