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netback

American  
[net-bak] / ˈnɛtˌbæk /

noun

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


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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.

From Reuters • May 1, 2013

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.

From Washington Post • Mar. 2, 2012

The Saudi talks with customers focused on a complex "netback price" arrangement, under which sellers effectively charge the market rate for oil rather than the officially posted price.

From Time Magazine Archive

"We would be very happy to buy at the netback price," said a source, "but they will not let us."

From Time Magazine Archive

If the Saudis are discussing netback agreements, they are not offering them to all customers.

From Time Magazine Archive