oil reference price

基本解釋

NDRC declared, after this depreciation, the price of finished product in domestic still remain more than 7 dollars, lower than the three types of reference oil price.
發(fā)改委稱(chēng)，此次降價(jià)后，國(guó)內(nèi)成品油價(jià)仍與國(guó)際油價(jià)保持超過(guò)7美元的價(jià)差，較三種參考油價(jià)更低。
Fagaiwei says after this price cut, the finished oil price in china keeps a lower more than $7 gap with international price, and even lower than the three reference prices.
發(fā)改委稱(chēng)，此次降價(jià)后，國(guó)內(nèi)成品油價(jià)仍與國(guó)際油價(jià)保持超過(guò)7美元的價(jià)差，較三種參考油價(jià)更低。
As the largest energy market in the world, the energy prices of North America market always affect world oil price and are gradually becoming important reference indexes for natural gas pricing.
北美是世界最大的能源市場(chǎng)，其市場(chǎng)價(jià)格走向不僅影響全球石油價(jià)格，同時(shí)也逐漸成為世界天然氣價(jià)格的重要參考指標(biāo)。

The claim was made on the basis of a 2006 Ecuadorian law (Law 42) by which the government has a right to 99% of the oil revenues above a certain "reference price", mostly arbitrary.
CENTERFORSECURITYPOLICY: Center For Security Policy
They cannot actually set a reference price for globally traded crude oil, and what ability they once had to balance the market has declined as traders have become more skeptical that the Kingdom is ready and willing to ramp up its production as much as it says it can.
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