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Oil price benchmarks in international trade: benchmark bricing - a co-dependent matrix

Abstract:
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.
Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Authors


Mike Davis More by this author
Publisher:
Oxford Institute for Energy Studies
Journal:
Oxford Energy Forum Journal website
Volume:
87
Pages:
14-17
Publication date:
2012-02-05
ISSN:
0959-7727
URN:
uuid:b9d00cc7-822c-4fa9-99a4-97eb8c345bf2
Local pid:
ora:11205
Language:
English
Keywords:

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