Crude oil f.o.b. price

  The crude oil price actually charged at the oil producing country's port of loading. Includes deductions for any rebates and discounts or additions of premiums, where applicable. It is the actual price paid with no adjustment for credit terms.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

Look at other dictionaries:

  • Crude oil landed cost —   The price of crude oil at the port of discharge, including charges associated with purchasing, transporting, and insuring a cargo from the purchase point to the port of discharge. The cost does not include charges incurred at the discharge port …   Energy terms

  • Benchmark (crude oil) — Crude oil benchmarks, also known as oil markers, were first introduced in the mid 1980s. There are three primary benchmarks, WTI, Brent Blend, and Dubai. Other well known blends include the Opec basket used by OPEC, Tapis Crude which is traded in …   Wikipedia

  • Light crude oil — is liquid petroleum that has a low density and flows freely at room temperature.[1] It has a low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions.[2] It generally has a… …   Wikipedia

  • DME Oman Crude Oil Futures Contract — Launched by the Dubai Mercantile Exchange (DME) on 1 June 2007, the DME Oman Crude Oil Futures Contract (OQD) is the Asian crude oil pricing benchmark. The contract is traded on the CME Group’s electronic platform CME Globex, and cleared through… …   Wikipedia

  • List of crude oil products — In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. The chemical profiles, or crude oil assays, specify important… …   Wikipedia

  • Sweet crude oil — is a type of petroleum. Petroleum is considered sweet if it contains less than 0.5% sulfur, [BBC News. [http://news.bbc.co.uk/2/hi/business/904748.stm Oil markets explained ] . July 14, 2003.] compared to a higher level of sulfur in sour crude… …   Wikipedia

  • Components of crude oil — Crude oil is essentially a mixture of many different hydrocarbons, all of varying lengths and complexities. In order to separate the individual components that make up the raw natural resource, the crude oil must be fractionally distillated so… …   Wikipedia

  • Tapis crude oil index — /ˈtæpəs/ (say tapuhs) noun an index of the price of crude oil produced at the Tapis oilfield in Malaysia, this price being used a benchmark for setting crude oil prices in the Asian region and affecting petrol prices in Australia …   Australian English dictionary

  • U.S. refiner acquisition cost of imported crude oil —   The average price paid by U.S. refiners for imported, that is, non U.S., crude oil booked into their refineries in accordance with accounting procedures generally accepted and consistently and historically applied by the refiners concerned. The …   Energy terms

  • Price of petroleum — This article is about the price of crude oil. For information about derivative motor fuels, see gasoline and diesel usage and pricing. For detailed history of price movements since 2003, see 2003 to 2011 world oil market chronology. Brent barrel… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.