Japan Crude Cocktail
http://dbpedia.org/resource/Japan_Crude_Cocktail an entity of type: Person
The Japan Crude Cocktail (JCC) is the informal nickname given to the pricing index of Crude Oil used in most East Asian countries. The JCC is the average price of customs-cleared crude oil imports into Japan and is published by the Petroleum Association of Japan. The official name of the JCC is the Japan Customs-cleared Crude Oil Price.The valuation of the JCC closely reflects the market state of supply and demand. Clear fluctuations in JCC pricing can be linked to distinct events such as the 2007-08 Global Financial Crisis and the 2011 Fukushima Disaster.
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Japan Crude Cocktail
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Japan Crude Cocktail
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14940135
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1095142385
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Japan, South Korea, India, Taiwan, China
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1950.0
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The Japan Crude Cocktail (JCC) is the informal nickname given to the pricing index of Crude Oil used in most East Asian countries. The JCC is the average price of customs-cleared crude oil imports into Japan and is published by the Petroleum Association of Japan. The official name of the JCC is the Japan Customs-cleared Crude Oil Price.The valuation of the JCC closely reflects the market state of supply and demand. Clear fluctuations in JCC pricing can be linked to distinct events such as the 2007-08 Global Financial Crisis and the 2011 Fukushima Disaster. The JCC was historically the main index to price Liquified Natural Gas (LNG) contracts as no global benchmark existed. However, as JCC is based on oil prices as opposed to gas, there has been a rise in objection to its use. In Europe and most North American nations, LNG pricing has shifted from use of the JCC to gas-based indexes (e.g. Henry Hub).
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21203
