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单词 marker crude
释义

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marker crude
marker crude n. a grade of (usually light) crude oil, the price of which is fixed by agreement between oil producers and used as a guideline for the setting of other oil prices.
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society > occupation and work > materials > raw material > mineral material > mineral oil > [noun]
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oil of petre1528
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marker crude1974
benchmark crude1975
1974 Oil & Gas Jrnl. 14 Oct. 52/3 The Organization for Economic Cooperation and Development..estimates future energy consumption on the basis of two possible crude prices, taking Arabian Light (34°) crude as its marker.]
1974 Oil & Gas Jrnl. 4 Nov. 46/1 The Iranians would set the base price at $9.84/661 for Arabian Light ‘marker’ crude... This would do away with such things as posted prices and tax-reference prices.
1978 Oil Supply Pattern (Shell Internat. Petroleum Co.) 1 Since October 1973 the basic prices of crude oils from most export sources have been established by producer governments with reference to the Arabian Light marker crude price which has been set by the Organization of Petroleum Exporting Countries (OPEC).
1986 Auckland Star 7 Feb. a9 Oil producer Santos Ltd said the Government should use the criterion of ‘minimum possible change’ to the local crude oil pricing system, including retention of Saudi Light as the marker crude.
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