Light Crude definition

Light Crude means Crude Petroleum having an API gravity greater than 29 degrees at sixty degrees Fahrenheit (60° F) and a viscosity less than 55 Saybolt Universal Seconds (SUS) at 100 degrees Fahrenheit.
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Light Crude means Petroleum having a density up to but not including 876 kilograms per Cubic Metre (kg/m3), and a viscosity up to but not including 20 square millimetres per second (mm2/s).
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Light Crude means Crude Petroleum having an API gravity greater than 29 degrees at sixty degrees Fahrenheit (60°
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Examples of Light Crude in a sentence

  • Committed Shipper has executed a TSA as of November 7, 2011 or January 21, 2019, provided that Committed Shippers who executed a TSA on or about January 21, 2019 are eligible only for the Light Crude Committed Rates set forth above for service pursuant to such TSA.

  • This level of verification may only be used if the offset verifier can provide findings with a reasonable level of assurance.(144) "Light Crude Oil" means a category of crude oil characterized by relatively low viscosity, a lower carbon-to-hydrogen ratio, and a relatively lower density having an API gravity of greater than or equal to 20.

  • In the event that the cargo at the discharge port is found to be similar or identical to Iranian Light Crude Oil, the Buyer reserves the right to reject the cargo straightaway and claim damages from the Seller.

  • Figure 1 Oil Price for Bonny Light Crude Oil (CBN 2020; EIA 2020).

  • Denote byY = ⎡R E O G ⎤′ the day t interval i returns for the variables of interest, namely the S&P 500i,t ⎣ i,t i,t i,t i,t ⎦index, Ri,t Ethanol futures, Ei,t , Light Crude Oil futures, Oi,t , and Natural Gas futures, Gi,t .

  • Malaysia shall provide adequate supply of natural gas as fuel and feed-stock for use by the Project at a price of US$0.70 per million BTU delivered to project plant, which price commencing g from 1 January 1979, shall be subject to an escalation rate of not more than seven per cent (7%) per annum based on the simple average of the actual rates of price increases in the immediately preceding calendar year of the following: Thirty-three and one third per cent (33 1/3%) Miri Light Crude.

  • Figures Figure 1 Oil Price for Bonny Light Crude Oil (CBN 2020; EIA 2020).

  • Nigerian Light Crude Oil Grades Bonny Light will be used as the reference crude for all other Nigerian crude oils except Forcados and Bonny Medium.

  • The Variable Toll in respect of Heavy Crude shall be the amount as calculated above, and the Variable Toll in respect of Light Crude shall be such amount multiplied by 0.70.

  • The Crude Oil offered by the Seller and accepted by the Buyer is Nigerian National Petroleum Corporation (NNPC) standard and export grade of Bonny Light Crude Oil (BLCO) and shall comply with the NNPC Official Technical Specifications.


More Definitions of Light Crude

Light Crude means Petroleum having a gravity greater than thirty (30) degrees API and a viscosity up to but not including twenty (20) square millimeters per second (mm²/s).
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Light Crude means Crude Oil with an API gravity of greater than 22.
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Related to Light Crude

  • Diesel means a distillate oil which can be used as fuel for the operation of a compression ignition engine and which has an approximate boiling temperature of between 150 °C to 400 °C;

  • Dekatherm (dt) shall mean on million British Thermal Units and is synonymous to the term MMBTU.

  • Fuel Gas means Gas used as fuel for the operation of the Transportation System.

  • Supply Pipe means any part of a service pipe which a water undertaker could not be, or have been required to lay under section 46 of the Water Industry Act 1991; and

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Fuel means any solid, liquid or gaseous combustible material;

  • Asphalt means a dark brown to black cement-like material (solid, semisolid, or liquid in consistency) in which the predominating constituents are bitumens which occur in nature as such or which are obtained as residue in refining petroleum.

  • Bulk gasoline terminal means a gasoline storage facility which receives gasoline from its supply source primarily by pipeline, ship, or barge, and delivers gasoline to bulk gasoline plants or to commercial or retail accounts primarily by tank truck; and has an average daily throughput of more than 76,000 liters (20,000 gallons) of gasoline.

  • JetBrains or “We” means JetBrains s.r.o., having its principal place of business at Xx Xxxxxxxxx XX 0000/00, Xxxxxx, 00000, Xxxxx Xxxxxxxx, registered in the Commercial Register maintained by the Xxxxxxxxx Xxxxx xx Xxxxxx, Xxxxxxx X, Xxxx 00000, ID. No.: 265 02 275.

  • Gasohol means a blended fuel composed of gasoline and fuel grade ethanol.

  • Bulk gasoline plant means a gasoline storage and distribution facility with an average daily throughput of 20,000 gallons (76,000 liters) of gasoline or less on a 30-day rolling average.

  • Blendstock means and includes any petroleum product component of motor fuel, such as naphtha, reformate, or toluene; or any oxygenate that can be blended for use in a motor fuel.

  • Undyed diesel fuel means diesel fuel that is not subject to the United States Environmental

  • LNG means liquefied natural gas.

  • Feedstock Gas means natural gas used as a raw material for its chemical properties in creating an end product.

  • Transport Gas means the gas purchased by a Customer from a supplier other than KUB that Customer has arranged to have Delivered to KUB for delivery to the Customer by KUB.

  • Thermal energy means the thermal output produced by a combustion source used directly as part of a manufacturing process, industrial/commercial process, or heating/cooling application, but not used to produce electricity.

  • Geothermal fluid means water in any form at temperatures greater than 120

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • Diesel fuel means the same as that term is defined in Section 59-13-102.

  • Finished water means the water that is introduced into the distribution system of a public water system and is intended for distribution and consumption without further treatment, except as treatment necessary to maintain water quality in the distribution system (e.g., booster disinfection, addition of corrosion control chemicals).

  • Gas supply service means the provision to customers of the

  • LPG means liquefied petroleum gas.

  • Truck camper means a nonself-propelled recreational vehicle that does not have wheels for road use and is designed to be placed upon and attached to a motor vehicle. "Truck camper" does not include truck covers that consist of walls and a roof, but do not have floors and facilities enabling them to be used as a dwelling.

  • Semitrailer means every vehicle of the trailer type so designed and used in conjunction with a

  • Plumber means a person who has passed a qualifying Trade Test in Plumbing or has been issued with a certificate of proficiency in terms of the Manpower Training Act, 1981 (Act No 56 of 1981) or such other qualification as may be required under national legislation;