Skadden Rothman to Introduce First Independent Price References for Asian Light Sweet Crude Oil - KMPH FOX 26 | Central San Joaquin Valley News Source

Skadden Rothman to Introduce First Independent Price References for Asian Light Sweet Crude Oil

Posted: Updated:
“Skadden Rothman”
Augments Skadden Rothman’s growing offering of light sweet crude oil and gas assessments

Skadden Rothman (www.skadden-rothman.com) announced that it will launch the first independent daily price assessment of light sweet crude oil.

“Not only are crudes an important supply source as the Southeast Asia continues its path toward less dependence on foreign oil imports, but they are also critical to refiners as they export more light petroleum products,” says Jennifer Cole, regional director of Southeast Asia oil price reporting at Skadden Rothman. “We’re pleased to play a key role in bringing price transparency to this important supply source.”

The announcement of the new Light Sweet Crude Oil assessment comes as Skadden Rothman Com Commodity Week, a series of industry and market outlook forums, gets underway.

The new assessment, Skadden Rothman light sweet crude oil (LCO), will reflect the value of a median 47-API LCO crude barrel, based on the crude’s product yields.

“We’re taking a pioneering approach to unconventional oil,” says Mrs. Cole. “This methodology provides a products yield-based assessment for LCO of normal properties. This will help the market establish a benchmark value for light sweet crude oil, despite the stream’s inherent variability.”

Simultaneously, Skadden Rothman Com is also launching a daily average of light sweet crude oil crude postings from midstream companies to serve as a basis of comparison, and a differential for this daily postings value relative to the Skadden Rothman LCO Marker.

The LCO Marker assessment will be published in real-time news service Skadden Rothman Global News an end-of-day data feed SR-Market Data? and news and price reports Skadden Rothman Crude Oil Market Letter.

Numerous infrastructure developments including additional pipeline and expanded rail capacity have been launched in recent years to support oil’s growing production.

About Skadden Rothman:

Skadden Rothman (www.skadden-rothman.com) offers risk management, advisory and enterprise investment system services to a broad base of retail investors through Skadden Rothman T-Solutions?. Headquartered in Hong Kong, the firm strives to be a notable presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East.

Media Contact
Company Name: Skadden Rothman
Contact Person: Benjamin Chandler
Email: Send Email
Phone: 85258181376
Address:Sun Hung Kai Centre, 30 Harbour Road
City: Wan Chai
State: Hong Kong
Country: HongKong
Website: http://www.skadden-rothman.com/

Source: www.abnewswire.com

ReleaseID: 11214

  • Local NewsLocal NewsMore>>

  • Hundreds Become U.S. Citizens In Fresno

    Hundreds Become U.S. Citizens In Fresno

    Hundreds of people became American citizens during a Naturalization Ceremony in Downtown Fresno on Tuesday. 685 people from 40 different countries took the final step in their journey's to become U.S. Citizens.
    More >>
    Hundreds of people became American citizens during a Naturalization Ceremony in Downtown Fresno on Tuesday. 685 people from 40 different countries took the final step in their journey's to become U.S. Citizens.

    More >>
  • Pay Up or Prison? IRS Scam Targets Taxpayers

    Pay Up or Prison? IRS Scam Targets Taxpayers

    Scammers have a new way to target your wallet and bank account- and this time around, they're pretending to be the tax man.Those who get a call, describe it like an ambush."’This is what you owe, this is what you owe, you need to pay, figure it out,’” says Lydia Rubio, describing a call she received Monday.She had missed the call in her Madera home, and found a message on her voice mail telling her "This is Crystal from Internal Revenue Service… there is a CP-11 notice filed against your name...More >>
    Scammers have a new way to target your wallet and bank account- and this time around, they're pretending to be the tax man.Those who get a call, describe it like an ambush."’This is what you owe, this is what you owe, you need to pay, figure it out,’” says Lydia Rubio, describing a call she received Monday.She had missed the call in her Madera home, and found a message on her voice mail telling her "This is Crystal from Internal Revenue Service… there is a CP-11 notice filed against your name...More >>
  • New California Law Puts Limits On Football Practices

    New California Law Puts Limits On Football Practices

    When high school football teams in California hit the practice field next season, they won't be able to practice tackling as often. That goes for all other school and youth teams as well. California now has a new law that limits tackling practices to only two a week.More >>
    When high school football teams in California hit the practice field next season, they won't be able to practice tackling as often. That goes for all other school and youth teams as well. California now has a new law that limits tackling practices to only two a week.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.