Oil price benchmarks in international trade: benchmark bricing - a co-dependent matrix
Crude oil is not a homogenous commodity. Over 500 distinct global crude pricing hubs have been identified, but this large and varied group of crude grades relies heavily on just a handful of markers within them, on which the global crude price system is anchored. These marker grades, in order of glo...
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| Formato: | Journal article |
| Lenguaje: | English |
| Publicado: |
Oxford Institute for Energy Studies
2012
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| Sumario: | Crude oil is not a homogenous commodity. Over 500 distinct global crude pricing hubs have been identified, but this large and varied group of crude grades relies heavily on just a handful of markers within them, on which the global crude price system is anchored. These marker grades, in order of global usage, include Brent, Dubai and WTI. |
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