A Brief Discussion on Several Considerations Affecting the Accuracy of Crude Oil Trade Handover Measurement
DOI:
https://doi.org/10.54097/f3by2q69Keywords:
Crude oil trade handover; Measurement outcomes; Discrepancies; Contributing factors.Abstract
The precision of crude oil trade handover measurements is of paramount importance, as inaccuracies can result in substantial financial losses for the trading parties. It is therefore imperative to maintain high standards in trade handover measurement processes. This paper provides a comprehensive analysis of the factors that can lead to errors in such measurements and advances viable strategies to mitigate these errors, thereby ensuring the economic viability of the transactions for both parties.
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
