Oil Markets and Prices: The Brent Market and the Formation of World Oil PricesThe market for North Sea Brent Oil directly determines the price of over one-half of the world trade in crude oil. This study analyzes the workings of the oil market and describes how crude oil prices are determined throughout the world. It covers OPEC pricing, futures markets for oil, the impact of the UK taxation regime, and the mechanisms by which the world price of oil is determined. The text should be of benefit to those working in the areas of futures and forward markets, OPEC behaviour, North Sea oil, oil taxation and oil prices. |
From inside the book
Results 1-3 of 53
Page 29
... buyer of Brent blend enjoys a tolerance of plus or minus 5 per cent . This means that the contract is deemed fulfilled if the buyer lifted any volume between 475 thousand and 525 thousand barrels per cargo . The implications of this ...
... buyer of Brent blend enjoys a tolerance of plus or minus 5 per cent . This means that the contract is deemed fulfilled if the buyer lifted any volume between 475 thousand and 525 thousand barrels per cargo . The implications of this ...
Page 40
... buyer on an unspecified day of the relevant month . In both cases the oil is sold f.o.b. ( insurance , freight and ocean losses are the buyer's responsibility , but demurrage at the terminal is the seller's ) with payment made thirty ...
... buyer on an unspecified day of the relevant month . In both cases the oil is sold f.o.b. ( insurance , freight and ocean losses are the buyer's responsibility , but demurrage at the terminal is the seller's ) with payment made thirty ...
Page 209
... buyer of this range . Hence the last Brent cargo for loading in March would only become dated on 13 March . In the Dubai market the choice of loading date is , at least in the first instance , at the buyer's discretion . The buyer must ...
... buyer of this range . Hence the last Brent cargo for loading in March would only become dated on 13 March . In the Dubai market the choice of loading date is , at least in the first instance , at the buyer's discretion . The buyer must ...
Contents
The Physical Base Trading | 9 |
Physical Trading | 31 |
The Fiscal Regime | 59 |
Copyright | |
7 other sections not shown
Common terms and phrases
15-day Brent market 15-day market adjustment factor Amerada Hess Aron average basis Brent and Ninian Brent blend Brent contract Brent prices Brent system buyer cent chain Chapter Chevron Company Volume Conoco contango crude oil dated Brent deals delivery month differential Dollars per Barrel Dubai Dubai market Dubai prices expiry exports Exxon fields forward Brent forward market fuel oil futures contract futures market Gatoil grades Gulf hedging IPE Brent major Marc Rich marker crude mb/d Morgan Stanley Ninian systems Nissho Iwai nomination North Sea NYMEX oil companies oil markets oil prices OPEC options outright trade participants period Petroleum Argus database Phibro physical pipeline Platt's price assessment price changes pricing formulae refiners refinery risk sell seller Shell UK sogo shosha spot trade squeeze Statoil Sullom Voe swap Table thousand b/d thousand barrels trading day transactions volatility Wall Street