Tag Archives: pricing

Benchmarks play an important role in pricing crude oil

October 28, 2014 Source: U.S. Energy Information Administration, from Bloomberg Note: Dubai/Oman price calculated by taking the average of Dubai and Oman spot prices. When energy analysts and the media discuss the price of crude oil, they are typically referring to one of a small group of specific types of crude oil that are widely […]

West Africa: Petroleum Pricing in Nigeria – What’s the Problem?

analysis What’s the Issue ? Petroleum product pricing is a troubling issue in Nigeria and a major focus of numerous subsidy debates held in the country in the run up to the 2012 subsidy protests. The debates revealed that there was no common front/agreeable cost of refined petroleum, kerosene and diesel per litre in Nigeria. […]

August differentials offer insight into Aramco’s oil pricing

August 8, 2014 Source: U.S. Energy Information Administration, based on data from Arab Oil & GasNote: OSP is Official Selling Price; ASCI is Argus Sour Crude Index; and BWAVE is Brent Weighted Average. The differential charged to each region is based on a different crude oil price benchmark: ASCI for the United States, BWAVE for […]

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