netback

[net-bak]

noun

1. a calculation of the price of crude-oil products based on the price of crude oil.

Example Sentences

The change will result in improved netback pricing for shippers and will better link the region’s oil with U.S. refiners and export channels, Monaco said.

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That creates an incremental netback on rail transport of about $6 per barrel, compared to pipeline processing.

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The company stood by its 2013 capital budget of about $3 billion, with 90 percent of spending directed at high netback liquids and international gas opportunities.

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It is rather technical material but on pages 90 to 92, you can see testimony about how producers would get lower “netbacks” from Houston but offset the lower netback from higher netback pricing in Chicago.

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Similarly, he said, Turkey's 15 percent netback pricing scheme for gas transit is "unacceptable" as it would require Azerbaijan to disclose to Turkey sales agreements with customers in Europe and allow Turkey to sell 15 percent of Azerbaijan's gas to European markets.

Read more on The Guardian