Oil price peg
The oil price peg is an international sector-internal agreement between overseas producers and German importers. The price peg can be implemented in various forms, e.g. the price can be pegged to crude oil types or products such as fuel oil or heavy fuel oil. Therefore, natural gas usually undergoes a price development that is delayed by three to six months compared to oil. The price adjustments take place at quarterly or half-yearly intervals. As a result of the development of energy exchanges and the increased number of traders due to the market opening, the oil price peg has lost in significant. The natural gas supply is becoming increasingly flexible within the scope of needs-oriented portfolios.