new oil definition
new oil means mineral oil which has been refined from either crude oil or used mineral oil and which may contain any additive, but which has not been used subsequent to such refining;
new oil means stabilized crude petroleum oil (other than delayed-entry oil or oil in respect of which subitem 20.1 of the Schedule applies) produced from:
new oil means all oil produced on or after January 1, 1994:
More Definitions of new oil
new oil means oil that is not third tier oil and that is produced from