Qatar keeps September crude supply steady

Qatar keeps September crude supply steady Updated: Tuesday, August 2, 2011    -    News Source: Alrroya

DOHA- Qatar, one of Opec's smallest producers, has notified at least one Asian buyer that it will supply Marine and Land crude at full contracted volumes for September, unchanged from August levels, a trade source said on Monday.

The move was expected as it has been supplying both grades at full contracted volumes since August 2009.

Qatar gave buyers the option of asking for cargoes to be five per cent more or less than contracted volumes, the same as the previous month, the source added.

Oil refiners are expected to decide whether to exercise the option after top supplier Saudi Arabia notifies buyers of its September supplies as early as next week.