oil reference price

基本解释

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.
发改委称，此次降价后，国内成品油价仍与国际油价保持超过7美元的价差，较三种参考油价更低。
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.
发改委称，此次降价后，国内成品油价仍与国际油价保持超过7美元的价差，较三种参考油价更低。
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场，其市场价格走向不仅影响全球石油价格，同时也逐渐成为世界天然气价格的重要参考指标。

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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