QatarEnergy Sells At Least 7 Million Barrels of October-Loading Crude

According to Jin10, QatarEnergy sold at least 7 million barrels of different grades of Qatari crude this week through a tender for October loading, with the cargoes priced on a FOB basis at a premium of about $6 to $7 per barrel to Dubai crude quotes. The cargoes will be loaded via ship-to-ship transfers outside the Strait of Hormuz, and Reliance Industries bought 1 million barrels each of Qatari onshore crude, Qatari offshore crude, and Shahin crude on a FOB basis at a discount of $15 per barrel to Dubai crude quotes, to be loaded inside the Strait of Hormuz.