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Qatar oil falls on demand concerns refinery may fall
Qatari crude oil fell on concerns refinery demand may drop as declines in fuel consumption led plants to cut runs. (Getty Images)Qatari crude oil fell on concerns refinery demand may drop as declines in fuel consumption led plants to cut runs.
Qatar Marine for October loading fell 1 cent to a discount of 6 cents a barrel, according to data compiled by Bloomberg.
Murban, produced by Abu Dhabi National Oil, remained at a discount of 5
cents a barrel to its official price, data compiled by Bloomberg show.
Oman crude for immediate loading declined 96 cents, or 1.3 percent, to
$73.54 a barrel, according to Bloomberg data. Dubai for loading in
October fell 95 cents, or 1.3 percent, to $73.23. Murban dropped 1.3
percent to $73.69.
Oman futures for October delivery was up 44 cents at $73.37 a barrel on
the Dubai Mercantile Exchange at 5:25 p.m. Singapore time, with 953
contracts traded. The settlement price was set at $73.33 at 12:30 Dubai
time.
The Brent-Dubai exchange for swaps for September widened 13 cents to
$2.18 a barrel and the exchange for swaps for October widened 11 cents
to $1.84 a barrel, according to data from brokers PVM Oil Associates.
The exchange for swaps is the price difference between Brent and Dubai swaps contracts.
Source: Bloomberg
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