Definition of U.S. refiner acquisition cost of imported crude oil

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TeachMeFinance.com - explain U.S. refiner acquisition cost of imported crude oil



U.S. refiner acquisition cost of imported crude oil -- The average price paid by U.S. refiners for imported, that is, non-U.S., crude oil booked into their refineries in accordance with accounting procedures generally accepted and consistently and historically applied by the refiners concerned. The refiner acquisition cost of imported crude oil includes transportation and other fees paid by the refiner.




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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