Light Sweet Crude Oil Futures Contract definition

Light Sweet Crude Oil Futures Contract means the NYMEX Division Light Sweet Crude Oil Futures Contract of the Designated Maturity.

Examples of Light Sweet Crude Oil Futures Contract 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.

  • Daily official next to expire contract price for the NYMEX Light Sweet Crude Oil Futures Contract (‘‘WTI’’) in $/bbl through the NYMEX spot month.$80.00 per barrel.The arithmetic average of the reference price during the pricing period.

  • Consequently, the spot month position limits for these financially-settled contracts are identical to the position limits for the NYMEX Light Sweet Crude Oil Futures Contract.

  • WTI at Cushing, Oklahoma: Key Components of Deliverable Supply The NYMEX Crude Oil Last Day Financial Futures Contract (code 26) and the Argus WTI Trade Month Futures Contract (code V7) are cash-settled look-alike contracts of the NYMEX Light Sweet Crude Oil Futures Contract.

  • Reflecting the global nature of the oil markets, for example, the contract specifications of NYMEX’s Light Sweet Crude Oil Futures Contract, a core referenced futures contract under Regulation § 151.2(c)(2), 17 C.F.R. § 151.2(c)(2) (2021),2 provide that delivery can be made using crude streams of domestic as well as foreign origin, such as northern Europe (Brent Blend or Oseberg Blend), Nigeria (Bonny Light or Qua Iboe), and Colombia (Cusiana).

  • Trading shall cease on the last Trading Day prior to the termination date of the NYMEX Light Sweet Crude Oil Futures Contract for the corresponding delivery month.

  • Trading shall cease at the end of the designated settlement period of the ICE Futures West Texas Intermediate Light Sweet Crude Oil Futures Contract on Friday of each week.

  • Deliverable Supply Estimate for the WTI-Related Futures The NYMEX Crude Oil Last Day Financial Futures Contract (code 26) and the Argus WTI Trade Month Futures Contract (code V7) are cash-settled look-alike contracts of the NYMEX Light Sweet Crude Oil Futures Contract.

Related to Light Sweet Crude Oil Futures Contract

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Stock Index Futures Contract means a bilateral agreement pursuant to which the parties agree to take or make delivery of an amount of cash equal to a specified dollar amount times the difference between the value of a particular stock index at the close of the last business day of the contract and the price at which the futures contract is originally struck.

  • Futures Contract Option means an option with respect to a Futures Contract.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Petroleum refinery means each facility engaged in producing gasoline, kerosene, distillate fuel oils, residual fuel oils, lubricants, or other products through distillation of petroleum or through redistillation, cracking, extracting, or reforming of unfinished petroleum derivatives.

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • 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.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

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

  • Ethanol blended gasoline means the same as defined in section 214A.1.

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

  • Compressed natural gas means a mixture of hydrocarbon gases and vapors that consists primarily of methane in gaseous form that has been compressed for use as a fuel to propel a motor vehicle.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Gathering System means that portion of Gatherer’s pipeline system, including all appurtenances thereto, related to the provision of gathering and transportation services provided by Gatherer pursuant to this tariff.

  • LNG means liquefied natural gas.

  • Pipeline System means each system of Pipeline Assets, Real Property and Easements relating thereto making up an integrated gathering system and gathering system, or other pipeline system.

  • Transport vehicle means a motor vehicle or rail car used for the transportation of cargo by any mode. Each cargo-carrying body (trailer, railroad freight car, etc.) is a separate transport vehicle.

  • Market Participant Energy Injection means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Day-ahead generation schedules, real- time generation output, Increment Offers, internal bilateral transactions and import transactions, as further described in the PJM Manuals.

  • Surplus Interconnection Customer means either an Interconnection Customer whose Generating Facility is already interconnected to the PJM Transmission System or one of its affiliates, or an unaffiliated entity that submits a Surplus Interconnection Request to utilize Surplus Interconnection Service within the Transmission System in the PJM Region. A Surplus Interconnection Customer is not a New Service Customer.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.