Qatar to Join Gulf Producers in Oil-Price Formula Overhaul
- Qatar Petroleum plans to price its oil one-month ahead in 2020
- The move follows Abu Dhabi’s embrace of forward pricing
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Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
The days of using arcane ways to price oil are disappearing as more Middle Eastern producers ditch traditional selling methods.
Qatar Petroleum is set to join most of its Persian Gulf counterparts and price its crude before loading instead of afterward from next year, according to people familiar with the plans. That comes a couple of months after reports that Abu Dhabi National Oil Co. plans to list its flagship Murban crude as a futures contract in 2020.