QatarEnergy sharply cut the term price for al-Shaheen crude oil loading in January, trade sources said on Friday, in line with a recent fall in Middle East spot premiums.
QatarEnergy sharply cut the term price for al-Shaheen crude oil loading in January, trade sources said on Friday, in line with a recent fall in Middle East spot premiums.
The January term price fell to 73 cents a barrel above Dubai quotes, the sources said, down for a second straight month and at a multi-month low. The sources declined to be named as they are not authorised to speak with the media.
The term price for December cargoes was at a premium of $1.93 a barrel.
For its January tender, QatarEnergy sold five cargoes at premiums between 40 and 70 cents a barrel to Dubai quotes, the sources said.
Japanese refiner Eneos bought two cargoes, while Exxon Mobil , TotalEnergies, and Unipec took one each, they added.
Traders said QatarEnergy offered more spot al-Shaheen crude in January as the term prices in some months this year were higher than spot market levels, deterring trading firms from committing to full-year supplies.
Spot premiums for Middle East crude have fallen sharply over the past one month, weighed down by demand weakness in China, the world's No.1 crude oil importer.
Canada’s Liberal Party is set to elect a new leader on March 9, moving beyond Justin Trudeau’s decade in power. The race comes as U.S. President Donald Trump’s threats against Canada fuel a wave of patriotism ahead of an expected election.
French President Emmanuel Macron dismissed Russia’s criticism on Thursday, after the Kremlin warned him over nuclear rhetoric. Speaking at an EU summit in Brussels, he accused Moscow of imperialism and said Russia’s strong reaction showed his claims were true.
Torrential rains triggered severe flooding in eastern Spain on Thursday, sweeping away cars and forcing school evacuations. Authorities closed roads in Murcia, Valencia, and Catalonia, with officials urging residents to stay indoors.
Ukrainian President Volodymyr Zelenskyy announced he will visit Saudi Arabia on Monday to meet Crown Prince Mohammed bin Salman, aiming to advance peace efforts. His team will remain in the country for talks with U.S. partners, he said in a Telegram post.
North Korea criticised upcoming U.S.-South Korea military drills on Friday, warning they would worsen tensions on the Korean Peninsula, state media KCNA reported. The annual Freedom Shield exercises are set to begin on Monday and last until March 20.
Canada’s Liberal Party is set to elect a new leader on March 9, moving beyond Justin Trudeau’s decade in power. The race comes as U.S. President Donald Trump’s threats against Canada fuel a wave of patriotism ahead of an expected election.
French President Emmanuel Macron dismissed Russia’s criticism on Thursday, after the Kremlin warned him over nuclear rhetoric. Speaking at an EU summit in Brussels, he accused Moscow of imperialism and said Russia’s strong reaction showed his claims were true.
Torrential rains triggered severe flooding in eastern Spain on Thursday, sweeping away cars and forcing school evacuations. Authorities closed roads in Murcia, Valencia, and Catalonia, with officials urging residents to stay indoors.
Ukrainian President Volodymyr Zelenskyy announced he will visit Saudi Arabia on Monday to meet Crown Prince Mohammed bin Salman, aiming to advance peace efforts. His team will remain in the country for talks with U.S. partners, he said in a Telegram post.
North Korea criticised upcoming U.S.-South Korea military drills on Friday, warning they would worsen tensions on the Korean Peninsula, state media KCNA reported. The annual Freedom Shield exercises are set to begin on Monday and last until March 20.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, will chair the 20th EU-Central Asia Ministerial meeting hosted this year by Turkmenistan, in Ashgabat, on 4 March.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
President Donald Trump has delayed the implementation of 25% tariffs on automobile imports from Canada and Mexico for one month, following requests from executives at General Motors, Ford, and Stellantis.
In a significant escalation of its "maximum pressure" campaign against Iran, the Trump administration is reportedly mulling a plan to stop and inspect Iranian oil tankers at sea.
Tokyo is adopting a 4-day workweek in a bid to help boost the nation's record-low fertility rates.
Walt Disney has announced further job cuts, with an additional 200 employees set to be laid off across its ABC News and entertainment TV networks, according to an internal memo. The majority of these layoffs will impact the New York-based ABC News division.
Türkiye and Greece are setting their sights on achieving a $10 billion bilateral trade volume as part of a newly launched “positive agenda” initiative aimed at bolstering cooperation across healthcare, environment, culture, tourism, economy, and trade.
Canada’s Liberal Party is set to elect a new leader on March 9, moving beyond Justin Trudeau’s decade in power. The race comes as U.S. President Donald Trump’s threats against Canada fuel a wave of patriotism ahead of an expected election.
French President Emmanuel Macron dismissed Russia’s criticism on Thursday, after the Kremlin warned him over nuclear rhetoric. Speaking at an EU summit in Brussels, he accused Moscow of imperialism and said Russia’s strong reaction showed his claims were true.
Torrential rains triggered severe flooding in eastern Spain on Thursday, sweeping away cars and forcing school evacuations. Authorities closed roads in Murcia, Valencia, and Catalonia, with officials urging residents to stay indoors.
Ukrainian President Volodymyr Zelenskyy announced he will visit Saudi Arabia on Monday to meet Crown Prince Mohammed bin Salman, aiming to advance peace efforts. His team will remain in the country for talks with U.S. partners, he said in a Telegram post.
North Korea criticised upcoming U.S.-South Korea military drills on Friday, warning they would worsen tensions on the Korean Peninsula, state media KCNA reported. The annual Freedom Shield exercises are set to begin on Monday and last until March 20.
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