Qatar Oil Jumps on Lowest Japan Kerosene Stocks: Energy Markets
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Qatar Marine crude is trading at the highest level in four weeks versus its official selling price as Japanese refiners replenish supplies of kerosene for heating and Saudi Arabia cuts shipments of similar grades.
Qatar Marine for loading in October was at a premium of 3 cents a barrel relative to the benchmark producer prices, compared with a discount of 8 cents on Aug.18, according to data compiled by Bloomberg. The kerosene-rich blend has traded at an average of 9 cents below its official selling price during the past year.