Qatar Petroleum will start pricing its crude oil grades of Qatar marine and Qata...
FILE PHOTO: The logo of Qatar Petroleum is seen at its headquartes in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. REUTERS/Stringer
QP currently prices the two grades on a retroactive basis but will move this to forward pricing, a more popular approach used by other Middle East crude exporters such as Saudi Arabia that better matches the trading cycle of crude. By changing the pricing methodology, QP is following the UAE’s Abu Dhabi National Oil Co , which in November launched a new pricing mechanism for its flagship Murban crude.
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