Placing a Value on Spot Sales from a Joint Oil Stockpiling Facility

Jennifer Considine, Kang Wu, Ziyad Alfawzan and Sammy Six
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Sammy Six: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: In this paper, joint oil stockpiling (JOS) refers to a commercial arrangement whereby crude oil, owned and commercially traded by an exporting country, is stored in an importing country in exchange for priority drawdown by the host country in the event of an emergency. It can thus be classified as both commercial and strategic storage (Doshi and Six 2017).

Keywords: Asian Spot Markets; Joint Oil Stockpiling; Oil Markets; Oil Storage; Teapot refineries; Trade relations; Derivatives (search for similar items in EconPapers)
Pages: 47
Date: 2020-01-23
New Economics Papers: this item is included in nep-ene and nep-sea
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https://www.kapsarc.org/research/publications/plac ... tockpiling-facility/ First version, 2020

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2019-dp82

DOI: 10.30573/KS--2019-DP82

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