Understanding Phantom Oil

King Abdullah Petroleum Studies and Research Center
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King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Phantom oil is oil that is deliberately moved from legally recognized sources or traded in the black market. It is also frequently referred to as illegal, illicit, tacit, or unregistered oil. This oil is generally concealed from the energy community for various reasons, including to evade sanctions and to profit from cross-market price differentials. This arbitrage opportunity can be attributed to the existence of price incentives, taxes, and loose institutional structures.

Keywords: Agreement; Allocations; Commodities; Companies (search for similar items in EconPapers)
Pages: 23
Date: 2023-03-26
New Economics Papers: this item is included in nep-ene
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https://www.kapsarc.org/research/publications/understanding-phantom-oil/ First version, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2022-wb07

DOI: 10.30573/KS--2022-WB07

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