How To Fix OILQU000 - Configuration of default values for price is incomplete -> see long text

OILQU000 - Overview

• Message type: E = Error

• Message class: OILQU - Messages for Market Data: Maintenance Views for Commodities

• Message number: 000

• Message text: Configuration of default values for price is incomplete -> see long text

What causes this issue?

An error occurred while maintaining the market data. Possible causes:
You have not maintained all the key fields:
Quotation source <(>&<)>
Quotation type <(>&<)>
Quotation key
There is no entry with this key in the validation table for quotations
OICQC.

System Response

The system is unable to propose a value for the currency, price unit
and quantity unit, which means that you cannot enter a price.

How to fix this error?

If you have not filled all the above key fields, make the missing
entries. If a key is not accepted, you must make a corresponding entry
in the validation table for quotations OICQC first.

Error message extract from SAP system. Copyright SAP SE.

OILQU000 - Details

• The SAP error message OILQU000 indicates that there is an issue with the configuration of default values for pricing in the system. This error typically arises in the context of the Oil and Gas industry, particularly when dealing with the configuration of pricing conditions for products or services.
  
  Cause:
  The error message suggests that the configuration for default pricing values is incomplete. This could be due to several reasons, including:
  
  Missing Configuration: Required pricing conditions or default values have not been set up in the system.
  Incorrect Settings: The existing configuration may have incorrect or inconsistent entries.
  Master Data Issues: Related master data (like material master, customer master, etc.) may not be properly maintained, leading to incomplete pricing information.
  Customizing Settings: The customizing settings in the SAP system for pricing may not be fully defined or activated.
  
  
  Solution:
  To resolve the OILQU000 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the customizing settings in SAP (Transaction SPRO).
  Navigate to