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Sources: Qatar sells Shaheen crude July loaded with the largest premium in two years
Qatar Petroleum is selling Al Shaheen crude for July, with an average premium of $ 1.20 a barrel above Dubai's offer, the largest in more than two years, three trading sources said on Thursday.
Middle East oil subsidies are supported by the summer peak season in Asia as well as concerns that US sanctions will disrupt Iran's oil supplies.
The sources said Shell bought three of the four Shahin shipments, while JXT bought one.
They explained that Qatar Petroleum offered condensate as an option to buyers of Shahin crude but did not buy any quantity.
Qatar Petroleum last month sold Shahin crude for June at a premium of 85 to 90 cents a barrel above Dubai's prices.
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