Posted oil price

The posted price of oil was the price at which oil companies offered to purchase oil from oil-producing governments. This price was set by the oil companies and used to calculate the share of oil revenues that oil-producing countries would receive.^[1] Between 1957 and 1972, the posted price was greater than the market price of crude oil. Between 1961 and 1970 the market price hovered between $1.30 and $1.50 per barrel, while the posted price was a constant $1.80.^[2]

^ Kuiken, Jonathan (2015-03-01). "Striking the Balance: Intervention versus Non-intervention in Britain's Oil Policy, 1957–1970". Britain and the World. 8 (1): 5–26. doi:10.3366/brw.2015.0165. ISSN 2043-8567.
^ G. F. RAY (1977). "The 'real' Price of Crude Oil". National Institute Economic Review. 82 (82): 59–61. doi:10.1177/002795017708200106. JSTOR 23880225. S2CID 154759588.

[kuiken-1] Kuiken, Jonathan (2015-03-01). "Striking the Balance: Intervention versus Non-intervention in Britain's Oil Policy, 1957–1970". Britain and the World. 8 (1): 5–26. doi:10.3366/brw.2015.0165. ISSN 2043-8567.

[ray-2] G. F. RAY (1977). "The 'real' Price of Crude Oil". National Institute Economic Review. 82 (82): 59–61. doi:10.1177/002795017708200106. JSTOR 23880225. S2CID 154759588.

[1]

[2]