QatarEnergy seeks naphtha cargoes for loading inside the Strait of Hormuz
QatarEnergy has launched a spot tender for up to 55,000 tons of naphtha sold FOB from Ras Laffan. Loading is set for November 3 to 5, and bids close today.
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what happened
QatarEnergy has launched a spot tender for as much as 55,000 metric tons of naphtha, sold free-on-board from its Ras Laffan terminal, which lies within the Strait of Hormuz, according to traders taking part in the market on Wednesday.
The lifting window runs from November 3 to 5, and bids are due today, October 28, with offers valid only until the close on that same day. In its previous naphtha tender, the state-owned refiner awarded the volume to a Western trader at a double-digit discount to Middle East quotations on an FOB basis, one of the dealers who handles the grade said. Oil companies usually decline to comment on tenders.
why it matters
Naphtha serves as a petrochemical feedstock and a gasoline blending component, so cargoes loading in Hormuz add light-product supply in the region. The steep discount in the last award may point to soft demand for the grade, and the tender offers a useful gauge of naphtha demand across the Gulf.
market impact
Naphtha: extra spot supply from a Hormuz port puts pressure on prices
- Naphtha pressure down — extra spot cargoes add supply across the Gulf
tags
instruments
sources
- QatarEnergy offers naphtha for loading inside Hormuz via tender, traders say — Reuters, 28 October 2026 at 03:52 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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