crude pricing at export parity

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SoukarLili

Senior Member
Arabic
Hi,
Hi,
The US Gulf Coast’s unique market conditions—including refinery complexity, access to cheap natural gas, crude pricing at export parity, and strong demand for product exports—will cause utilization rates to remain in the mid-80s for the foreseeable future.
What does " crude pricing at export parity" mean in this context please?
Source:
Global downstream outlook to 2035
H1 2019
Thanks,
 
  • Root of All Things

    Member
    English - American
    "Crude" refers to "crude oil". "Export parity" is an economic concept that, as far as I can tell, is related to how much you could sell the oil for if you exported it (sold it outside of its country of origin).
     
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