Qatar sells August condensate at record low
Qatar International Petroleum Marketing Co, or Tasweeq, has sold two grades of condensate for August loading, possibly at record lows, after naphtha cracks slumped, traders said on Friday.
June 24, 2012 10:26 by Reuters
Qatar International Petroleum Marketing Co, or Tasweeq, has sold two grades of condensate for August loading, possibly at record lows, after naphtha cracks slumped, traders said on Friday.
The producer sold deodorised field condensate (DFC) at discounts between $3-$4 a barrel to Dubai quotes while the discounts for low sulphur condensate (LSC) were at about $7 a barrel, they said.
Shell, SK Energy, Reliance and ExxonMobil bought a DFC cargo each. For LSC, buyers for the four cargoes were Shell, Essar, Vitol and Reliance. The deals could not be confirmed.
Tasweeq last sold DFC at discounts between 50 cents and $1 a barrel to Dubai quotes and LSC at $1.50-$2.50 a barrel below Dubai for July loading. (Reporting by Florence Tan, editing by William Hardy)
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