Crude Oil Price Differentials and Differences in Oil Qualities : A Statistical Analysis
This report updates and extends previous work by a statistical analysis of the relationship between crude price differentials and three quality differentials, as well as transport costs and seasonal effects. In addition to the API (American Petrole...
| Main Authors: | , |
|---|---|
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/10/6544056/crude-oil-price-differentials-differences-oil-qualities-statistical-analysis http://hdl.handle.net/10986/18006 |
| Summary: | This report updates and extends previous
work by a statistical analysis of the relationship between
crude price differentials and three quality differentials,
as well as transport costs and seasonal effects. In addition
to the API (American Petroleum Institute) gravity number and
the sulfur content of the crudes, which are the qualities
generally included in existing analysis, the report presents
the impact of acidity (measured by the Total Acid Number -
TAN) on the price differential. This is because acidity has
become increasingly important as the volume of high acid
crudes, particularly from West Africa, has steadily
increased in recent years. |
|---|