NYMEX WTI definition

NYMEX WTI means, for any applicable Month, the average of the daily closing prices per barrel of West Texas Intermediate light sweet crude oil on the New York Mercantile Exchange, stated in U.S. Dollars, as made public by the New York Mercantile Exchange for such Month.
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NYMEX WTI means the three-year forward strip prices published by the New York Mercantile Exchange for West Texas intermediate crude oil.
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Examples of NYMEX WTI in a sentence

  • In October 2002, the Trust entered into a long-term crude oil supply contract with a third party that requires the delivery of up to 20,000 barrels per day of Lloydminster Blend crude oil at a price fixed at 71% of NYMEX WTI oil price.

  • Prices are determined by reference to quoted market prices in active markets (crude oil - NYMEX WTI, natural gas - AECO C, condensate - NYMEX WTI, NGLs - various based on product), adjusted according to specific terms and conditions applicable as per the sales contracts.

  • In October 2002, the Trust entered into a long-term crude oil supply contract with a third party that requires the delivery of up to 20,000 barrels per day of Lloydminster Blend crude oil at a price fixed at 71% of NYMEX WTI oil price settled on a monthly basis.

  • NYMEX WTI trading in the next to expire futures contract ceases on the third business day prior to the 25th of the calendar month preceding the contract month.

  • The oil swap contracts are based on the monthly NYMEX WTI oil price, gas swaps are settled on the monthly AECO price in Canadian funds, and the foreign exchange swaps are based on the monthly Canadian currency exchange rate to calculate the floating Canadian prices.

  • Trading at settlement (or “TAS”) is when a market participant agrees to purchase or sell a NYMEX WTI futures contract at a price that is to be determined by the end of day settlement price of a particular NYMEX WTI futures contract.

  • To mitigate a portion of the exposure to adverse market changes, the Empire Group’s commodity hedging programs utilise financial instruments based on regional benchmarks including NYMEX WTI for oil and NYMEX Natural Gas Henry Hub for gas.

  • On the afternoon of April 20, 2020, Plaintiff Mish sold ten (10) May 2020 NYMEX WTI crude oil futures contracts at negative prices in order to liquidate a long position in such contract.

  • The NYMEX WTI crude oil futures contract is the world’s largest-volume physically delivered futures contract and was utilized by Plaintiff and other persons and entities throughout the United States.

  • Realized prices are based on the current NYMEX WTI futures price and are adjusted for the California crude oil sales contract, the impact of hedges, and the price sharing agreements for our Point Pedernales and Congo production.

Related to NYMEX WTI

  • NYMEX means the New York Mercantile Exchange.

  • AMEX means the American Stock Exchange.

  • LBMA means the London Bullion Market Association.

  • LME means the London Metal Exchange.

  • Hotspot means an area where land use or activities generate highly contaminated runoff, with concentrations of pollutants in excess of those typically found in stormwater.

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

  • NNM means the Nasdaq National Market.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • NSCC means the National Securities Clearing Corporation.

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • COMEX means Commodity Exchange, Inc., a subsidiary of New York Mercantile Exchange, Inc.

  • 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.

  • OTC means Over-the-Counter.

  • Scrap metal means ferrous or nonferrous metal, or items that contain ferrous or nonferrous metal, that are sold or offered for sale for the value of the ferrous or nonferrous metal they contain rather than their original intended use; ferrous or nonferrous metal removed from or obtained by cutting, demolishing, or disassembling a building, structure, or manufactured item; or other metal that cannot be used for its original intended purpose but can be processed for reuse in a mill, foundry, die caster, or other manufacturing facility.

  • 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.

  • Spot Market means a commodity market in which commodities are sold for cash and promptly delivered when the transaction is settled, and other non-financial markets, such as forward markets for commodities;

  • Open Market Purchase shall have the meaning specified in Section 2(I)

  • OTCQB means the OTCQB Market.

  • Main Market means the main securities market of the London Stock Exchange;

  • CBOT means The Board of Trade of the City of Chicago, Inc.

  • AIM Rules means the rules published by the London Stock Exchange governing admission to AIM and the regulation of AIM companies as amended or re-issued from time to time;

  • Publisher means any person or entity that distributes copies of the Document to the public.

  • Meet-Point Billing (MPB) refers to the billing associated with interconnection of facilities between two or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Competitive Local Exchange Carrier (CLEC)” means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.

  • Supplier of water means any person who owns or operates a public water system.