Qatar Raises OSP Differential for May Marine Crude Oil 15 Cents Per Barrel From Previous Month

Singapore –
Qatar Petroleum has raised the May official difference in Marine and Land oil prices by 15 cents a barrel and 5 cents a barrel, respectively, since April, according to a posting on its website on April 9.

The May OSP difference for Qatar Marine was set at $ 1.05 a barrel, compared to Platts Dubai and Platts Oman’s average crude oil per month of shipment, up from 90 cents a barrel in April.

Qatar Land’s OSP differential for May was set at 80 cents a barrel, up from Platts’ average oil estimates in Dubai and Oman in the month of shipment, up from 75 cents a barrel in April.

April OSP differentials for both grades were the highest since August 2020, according to S&P Global Platts.

Qatar Petroleum has been issuing OSP differentials on a forward-looking basis since March 2020, prior to which its OSPs were set on a retrospective basis.

(Unit: $ / b)