Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Shell Oil is cutting the price it pays for crude oil.

January 22, 1985

By subtracting from the posted price of crude oil transportation costs from the wellhead to the refinery, Shell is effectively lowering the price it pays for crude. Shell appears to be the first major oil refiner to apply an expanded transportation deduction. A Shell spokesman could not specify how much the deduction would reduce the price its pays for crude oil.

Advertisement
Los Angeles Times Articles
|
|
|