Crude Oil Prices : Predicting Price Differentials Based on Quality

Many developing countries are becoming oil exporters, producing crude oils that often differ markedly in quality from those principally traded. Governments must predict the prices of such crudes, to forecast revenue and evaluate the fairness of the...

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Main Authors:	Bacon, Robert, Tordo, Silvana
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	CRUDE OIL OIL PRICING OIL EXPORTING COUNTRIES QUALITY DIFFERENTIATION INTERNATIONAL TRADE OIL REVENUES FAIRNESS PRICE DISTORTIONS ACIDITY PRICE CONTROLS ACCOUNT ACID ACIDS API AVERAGE PRICES CHEMICALS DEVELOPING COUNTRIES INTERNATIONAL FINANCE LEGISLATION MATCHING OIL OIL PRICES OILS PETROLEUM PHYSICAL CHARACTERISTICS PRICE FORECASTS PRODUCERS REFINING REGRESSION ANALYSIS ROYALTIES SELLING SPOT PRICES SPREAD STATISTICAL ANALYSIS STREAMS SULFUR WEB SITES
Online Access:	http://documents.worldbank.org/curated/en/2004/10/5496306/crude-oil-prices-predicting-price-differentials-based-quality http://hdl.handle.net/10986/11250

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recordtype	oai_dc
spelling	okr-10986-112502021-06-14T10:54:42Z Crude Oil Prices : Predicting Price Differentials Based on Quality Bacon, Robert Tordo, Silvana CRUDE OIL OIL PRICING OIL EXPORTING COUNTRIES QUALITY DIFFERENTIATION INTERNATIONAL TRADE OIL REVENUES FAIRNESS PRICE DISTORTIONS ACIDITY PRICE CONTROLS ACCOUNT ACID ACIDITY ACIDS API AVERAGE PRICES CHEMICALS CRUDE OIL CRUDE OIL DEVELOPING COUNTRIES INTERNATIONAL FINANCE LEGISLATION MATCHING OIL OIL PRICES OIL PRICES OILS PETROLEUM PHYSICAL CHARACTERISTICS PRICE FORECASTS PRODUCERS REFINING REGRESSION ANALYSIS ROYALTIES SELLING SPOT PRICES SPREAD STATISTICAL ANALYSIS STREAMS SULFUR WEB SITES Many developing countries are becoming oil exporters, producing crude oils that often differ markedly in quality from those principally traded. Governments must predict the prices of such crudes, to forecast revenue and evaluate the fairness of the price they receive from companies selling on their behalf. Oil companies, and industry consultants, have models for analyzing price differentials with well-known "marker" crudes, but these models have not been widely known, or adapted to account for increasingly important quality characteristics, such as acidity. This note explains a methodology for price analysis, and a new extension for incorporating acidity, which can have a big effect on the price differential. 2012-08-13T14:34:03Z 2012-08-13T14:34:03Z 2004-10 http://documents.worldbank.org/curated/en/2004/10/5496306/crude-oil-prices-predicting-price-differentials-based-quality Viewpoint. Private Sector. - - Note no. 275 (October 2004) http://hdl.handle.net/10986/11250 English Viewpoint CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CRUDE OIL OIL PRICING OIL EXPORTING COUNTRIES QUALITY DIFFERENTIATION INTERNATIONAL TRADE OIL REVENUES FAIRNESS PRICE DISTORTIONS ACIDITY PRICE CONTROLS ACCOUNT ACID ACIDITY ACIDS API AVERAGE PRICES CHEMICALS CRUDE OIL CRUDE OIL DEVELOPING COUNTRIES INTERNATIONAL FINANCE LEGISLATION MATCHING OIL OIL PRICES OIL PRICES OILS PETROLEUM PHYSICAL CHARACTERISTICS PRICE FORECASTS PRODUCERS REFINING REGRESSION ANALYSIS ROYALTIES SELLING SPOT PRICES SPREAD STATISTICAL ANALYSIS STREAMS SULFUR WEB SITES
spellingShingle	CRUDE OIL OIL PRICING OIL EXPORTING COUNTRIES QUALITY DIFFERENTIATION INTERNATIONAL TRADE OIL REVENUES FAIRNESS PRICE DISTORTIONS ACIDITY PRICE CONTROLS ACCOUNT ACID ACIDITY ACIDS API AVERAGE PRICES CHEMICALS CRUDE OIL CRUDE OIL DEVELOPING COUNTRIES INTERNATIONAL FINANCE LEGISLATION MATCHING OIL OIL PRICES OIL PRICES OILS PETROLEUM PHYSICAL CHARACTERISTICS PRICE FORECASTS PRODUCERS REFINING REGRESSION ANALYSIS ROYALTIES SELLING SPOT PRICES SPREAD STATISTICAL ANALYSIS STREAMS SULFUR WEB SITES Bacon, Robert Tordo, Silvana Crude Oil Prices : Predicting Price Differentials Based on Quality
relation	Viewpoint
description	Many developing countries are becoming oil exporters, producing crude oils that often differ markedly in quality from those principally traded. Governments must predict the prices of such crudes, to forecast revenue and evaluate the fairness of the price they receive from companies selling on their behalf. Oil companies, and industry consultants, have models for analyzing price differentials with well-known "marker" crudes, but these models have not been widely known, or adapted to account for increasingly important quality characteristics, such as acidity. This note explains a methodology for price analysis, and a new extension for incorporating acidity, which can have a big effect on the price differential.
format	Publications & Research :: Viewpoint
author	Bacon, Robert Tordo, Silvana
author_facet	Bacon, Robert Tordo, Silvana
author_sort	Bacon, Robert
title	Crude Oil Prices : Predicting Price Differentials Based on Quality
title_short	Crude Oil Prices : Predicting Price Differentials Based on Quality
title_full	Crude Oil Prices : Predicting Price Differentials Based on Quality
title_fullStr	Crude Oil Prices : Predicting Price Differentials Based on Quality
title_full_unstemmed	Crude Oil Prices : Predicting Price Differentials Based on Quality
title_sort	crude oil prices : predicting price differentials based on quality
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2004/10/5496306/crude-oil-prices-predicting-price-differentials-based-quality http://hdl.handle.net/10986/11250
_version_	1764416061308928000

Crude Oil Prices : Predicting Price Differentials Based on Quality

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