UPDATE 2-Qatar plans change in crude oil official selling prices in Q1 2020 -sources - Reuters:
Qatar Petroleum (QP) has told some term crude buyers in Asia this week that it plans to change the way it prices its oil early next year to align with other Middle East producers, sources with knowledge of the matter said on Thursday.
The change follows the Abu Dhabi National Oil Company (ADNOC) saying on Monday that it plans to build a new international exchange for its flagship Murban crude which will start pricing its oil on a forward pricing basis.
QP currently prices two of its grades - Qatar Land and Qatar Marine - on a retroactive basis but will move this to forward pricing, a more popular approach used by other Middle East crude exporters such as Saudi Arabia that better matches the trading cycle of crude, the sources said.
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