SINGAPORE: Trade for July-loading Middle East cargoes remained thin on Monday as the market awaited the release of more Official Selling Prices (OSP).
Iran is expected to release its OSP in the coming days, as is Kuwait and Qatar, traders said. Despite that, offers for Qatari condensate have emerged.
CONDENSATE - QATAR: State-marketer Qatar Petroleum issued its monthly Deodorized Field Condensate (DFC) and Low Sulphur Field Condensate (LSC) tender for July-loading cargoes on Sunday. The tender closes on May 16.
The Qatari firm also issued a term tender for DFC supplies loading between July 2017 and June 2018. A 500,000-barrel cargo of the Qatari condensate is on offer per month. No LSC was offered in the term tender that also closes on May 16.
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