a calculation of the price of crude-oil products based on the price of crude oil. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
The netback appears less satisfactory now only because of low energy prices.
The concerns centered around the use of the netback procedure to value no-sales
  electrical generation resources.
Estimated contract prices based on government-selling prices, netback values,
  or spot market quotations.
Also includes netback tables, and other market critical data.
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