Light Sweet Crude definition

Light Sweet Crude means Petroleum having no greater than one half of one percent (0.50%) sulfur by weight and gravity of not less than thirty-seven (37) degrees API nor more than forty-two (42) degrees API.
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Light Sweet Crude means Petroleum having no greater than one half of one percent (0.50%) sulfur by weight and gravity of not less than thirty‐seven (37) degrees API nor more than forty‐two (42) degrees API.
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Examples of Light Sweet Crude in a sentence

  • Trading shall cease at the end of the designated settlement period of the ICE Futures West Texas Intermediate Light Sweet Crude Oil Futures Contract, two Trading Days before the scheduled cessation of trading for the relevant contract month of the ICE Futures West Texas Intermediate Light Sweet Crude Oil Futures Contract, or any other day which the Exchange may determine from time to time.

  • LLS t = Average market price of Louisiana Light Sweet Crude (LLS) in Period ▇.

  • The Index Commodities are (1) Light Sweet Crude Oil (WTI), (2) Heating Oil, (3) RBOB Gasoline, (4) Natural Gas, (5) ▇▇▇▇▇ Crude, (6) Gold, (7) Silver, (8) Aluminum, (9) Zinc, (10) Copper Grade A, (11) Corn, (12) Wheat, (13) Soybeans, and (14) Sugar.

  • Terminal Company will provide Customer with the necessary tanks, pumps, meters, equipment, facilities, and personnel in order to blend at least 120,000 Barrels of Customer’s Product per day at the Terminal to Capline Pipeline’s typical product specification for Louisiana Light Sweet Crude.

  • Terminal Company will provide Customer with the right, and the dock and dock space, cargo arms, hoses, piping, valves, and other related equipment and improvements necessary, to load Customer’s Product out of the Terminal by barge that is subject to 77.8 tons of VOC emissions per year, which is equivalent to redelivering 2,400,000 Barrels of Louisiana Light Sweet Crude, with an average RVP of 9.6, by barge per year without a marine vapor control unit.

  • If Platts Oilgram discontinues publication of prices for Louisiana Light Sweet Crude Oil or ceases to provide the information to be obtained therefrom pursuant to this Agreement, the Parties shall negotiate in good faith to agree upon a replacement publication or pricing mechanism.

  • A transaction in which one party pays periodic amounts of a given currency based on a fixed price and the other party pays periodic amounts of the same currency based on the price of a commodity, such as natural gas or gold, or a futures contract on a commodity (e.g., West Texas Intermediate Light Sweet Crude Oil on the New York Mercantile Exchange); all calculations are based on a notional quantity of the commodity.

  • The numerator is the daily average price per barrel of Light Sweet Crude Oil Futures (“LSCOF”) for the quarter ending on September 30 of the Year prior to the Year for which the Annual Base Price is being calculated.

  • The Shipped Quantity per Delivery Month shall be priced as follows:The average of the closing settlement prices on the New York Mercantile Exchange for the first nearby Light Sweet Crude Oil Contract for each Trading Day during the Delivery Month.

  • Average market price of Louisiana Light Sweet Crude (LLS) in ▇▇▇▇▇ t = Period t.