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Realized oil prices and API – theory and practice

Thursday, December 20th, 2012 Category: Downstream & Pricing
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Realized oil prices and API – theory and practice

If one were confronted with the simple question: “What is the price of a barrel of oil?” you would need to reply in turn with many other questions: “When?”, “Where?”, “A physical or a ‘paper’ barrel?”, “What quality?”, “To be sold/bought by whom?”, etc.

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