Qatar Crude Moving at 40 Cents/B Discount

After suffering from exceptionally low Siftings for the past three months as a result of its insistence on official OPEC prices, the Qatar General Petroleum Corporation (QGPC) has begun to boost its crude oil sales by granting its customers discounts of around 40 cents a barrel. The official prices for Qatar crudes are $17.82/B for Dukhan (onshore) and $17.67/B for Marine.

The discounts are understood to have been granted to QGPC's two...