Qatar Petroleum cut official selling prices for April crude sales by 51%, the official Qatar News Agency reported, setting both grades at the lowest in more than twenty years.
The country’s Land crude grade sold at $17.78 a barrel, compared with $36.26 the previous month. The state-run energy company fixed the official selling price for its Marine crude at $17.53 a barrel, down from $35.96, the report said.
The April OSPs are the lowest for both grades since June 1999, according to data compiled by Bloomberg. Crude prices have plunged worldwide amid excess supply and a loss of demand due to conronavirus lockdowns.
WhatsApp us