What else did the price crash do. World oil's new-think

Journal Article · Wed Jun 18 04:00:00 EDT 1986 · Energy Detente; (United States)

OSTI ID:5561142

The pricing of crude oil in relation to its refined product value should probably be viewed not as the cause of the international price crash touched off in late 1985, but as the consequence. Negotiating tables appear more cozy, with smaller distances between what buyers and sellers recognize as market-oriented prices. To an important degree, OPEC now officially prices by the netback system, and many other producers will likely follow soon. In California, an OPEC light crude and two domestics reveal new-think. This issue also includes the following: (1) ED refining netback data for the US Gulf and West Coasts, Rotterdam, and Singapore for June 1986; (2) ED fuel price/tax series for countries of the Eastern Hemisphere for May 1986 (unless otherwise indicated); and (3) principal industrial fuel prices for countries of the Eastern Hemisphere for March 1986.

• OSTI ID: 5561142
• Journal Information: Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 7:7; ISSN EDETD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020500 -- Petroleum-- Products & By-Products
020700* -- Petroleum-- Economics
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29 ENERGY PLANNING, POLICY, AND ECONOMY
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CARBONACEOUS MATERIALS
COAL
DATA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
MARKET
MATERIALS
NATURAL GAS
NUMERICAL DATA
PETROLEUM
PETROLEUM PRODUCTS
PRICES
STATISTICAL DATA
TAXES