Qatar’s official November marine crude oil price is $8 below the Oman-Dubai benchmark.

Qatar has set the official selling price (OSP) for Marine crude oil in November at $8 per barrel below the Oman/Dubai benchmark; the official price for Land crude oil is set at $7.5 per barrel below the Oman/Dubai benchmark. As a major global crude oil exporter, Qatar’s adjustment to its official crude oil prices is a pricing decision made after considering multiple factors such as the current international crude oil market supply and demand dynamics and regional trade competition. This pricing will also have a direct impact on the trade cost of Middle Eastern crude oil exported to relevant regions.