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Understanding Phantom Oil

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  • King Abdullah Petroleum Studies and Research Center

    (King Abdullah Petroleum Studies and Research Center)

Abstract

Phantom oil is oil that is deliberately moved from legally recognized sources or traded in the black market. It is also frequently referred to as illegal, illicit, tacit, or unregistered oil. This oil is generally concealed from the energy community for various reasons, including to evade sanctions and to profit from cross-market price differentials. This arbitrage opportunity can be attributed to the existence of price incentives, taxes, and loose institutional structures.

Suggested Citation

  • King Abdullah Petroleum Studies and Research Center, 2023. "Understanding Phantom Oil," Discussion Papers ks--2022-wb07, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2022-wb07
    DOI: 10.30573/KS--2022-WB07
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    File URL: https://www.kapsarc.org/research/publications/understanding-phantom-oil/
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