Gravity Adjustment Clause Samples

Gravity Adjustment. The Delivery Amount Price for a given Subject Field and Delivery Month shall be adjusted, upward or downward as applicable, by the product obtained by multiplying: (A) the average of the gravity price adjustments (in $/barrel/degree API) published by each of the four Major Posters for such Delivery Month for crude oil of the gravity produced from such Subject Field, by (B) the difference obtained by subtracting: