SINGAPORE: Qatar Petroleum (QP) sold two August-loading cargoes of al-Shaheen crude at an average discount of $1.56 a barrel to Dubai quotes via its monthly spot tender, three trade sources said on Thursday.

The buyers of the two 500,000-barrel cargoes were likely Mitsui and Cosmo, they said, who paid spot premiums of around $1.40 and $1.70, respectively.

The cargoes were offered to load over Aug. 2-3 and Aug. 29-30.

QP also set the August al-Shaheen crude price for term buyers at a premium of $1.69 a barrel to Dubai quotes, they said.

Last month, QP sold two July-loading cargoes of al-Shaheen crude at an average discount of $2.70 a barrel to Dubai quotes via its monthly spot tender.