Crude oil marketing fees
Current West Texas Intermediate Crude Oil (WTI) Prices. Jump to: Toggle; Archives. Close Date, Price per 42-gallon Barrel, Published 24 Nov 2015 (CNN) Everyone in the energy industry is suffering as crude oil prices have production costs are $36 a barrel — still below the trading price. The price to be paid by Buyer for Crude Oil sold hereunder (the “Purchase Price”) shall be equal to the Sales Price for each Barrel as determined in this Section 2.7, less the sum of (i) a marketing and administrative fee of $.20 for each Barrel sold (the “Marketing and Administrative Fee”) and (ii) with respect to Crude Oil which is not sold by Buyer at a Delivery Point, the reasonable out -of-pocket expenses (if any) incurred by Buyer to transport or exchange each Barrel of such