Netbacks have deeply changed international crude oil pricing. From: National Petroleum News | Date: June 1, 1986 | COPYRIGHT 1986 Adams Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Netbacks Have Deeply Changed International Crude Oil Pricing

"Netback pricing,' a familiar practice in some industries, is fast catching on as a "new' trend in the oil industry. This concept, according to some, could single-handedly revolutionize oil pricing.

Traditionally, crude oil prices have been pretty much set by large major oil companies and foreign producing countries without too much regard for refined product prices.

Netback pricing, say i...

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