Two-tier crude pricing in flux: U. S. postings phenomenon

Journal Article · Tue Mar 31 04:00:00 EST 1992 · Energy Detente; (United States)

OSTI ID:5436594

In recent time, US crude oil buyers have invented a means by which the difference between their posted offered buying prices to sellers and the futures market are reduced. Purpose: reduce the bonuses paid to buyers when the futures price soars above the current market price. The problem is that the bonus amount was calculated above the posted price of just one company. Some companies, nervous about possible inferences concerning proper free competition, are dropping the practice. This issue also presents the following: (1) the ED Refining Netback Data Series for the US Gulf and West Coasts, Rotterdam, and Singapore as of March 27, 1992; and (2) the ED Fuel Price/Tax Series for countries of the Eastern Hemisphere, March 1992 Edition.

• OSTI ID: 5436594
• Journal Information: Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 13:6; ISSN EDETD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CARBONACEOUS MATERIALS
COAL
DATA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
MARKETERS
MATERIALS
NATURAL GAS
NUMERICAL DATA
PETROLEUM
PETROLEUM PRODUCTS
PRICES
STATISTICAL DATA
TAXES