Petroleum Inventory definition

Petroleum Inventory means inventory consisting of crude oil, petroleum, refined petroleum products, byproducts and intermediate feedstocks, and other energy-related commodities, including, without limitation, blend components commonly used in the petroleum industry to improve characteristics of, or meet governmental or customer specifications for, petroleum or refined petroleum products, all of which inventory shall be valued at market.

Petroleum Inventory means Inventory consisting of refined petroleum products, crude oil, condensate, natural gas liquids, liquefied petroleum gases, asphalt or any blend thereof.

Petroleum Inventory means crude oil, condensate, natural gas liquids (N.L.'s), liquefied petroleum gases (LPG's) or any blend thereof.

Examples of Petroleum Inventory in a sentence

• The percent- ages then represent how many activities in each category fit the description of having a call to action or having the activity listed in how to contribute.

• The Petroleum Inventory, water and sediment level readings will be measured by the ATG and printed out.

• The total value of Petroleum Inventory is to include all state sales and state and federal excise taxes (“Fuel Taxes”), whether or not paid by Seller and whether or not Purchaser holds an exemption certificate.

• The Petroleum Inventory will be valued utilizing Seller’s cost of each grade of product for the last pre-Closing delivery to the Location plus the current freight rate charged to transport the product to the Location.

• Manual 4140.25, Volume 9, DoD Management of Energy Commodities: Defense Fuel Support Point (DFSP) Bulk Petroleum Inventory Accounting, March 2, 2018.

More Definitions of Petroleum Inventory

Petroleum Inventory means all gasoline, diesel and kerosene products of the Business measured in gallons.

Petroleum Inventory means saleable gasoline, kerosene and diesel fuel at the Locations as of the Closing. For purposes of determining Petroleum Inventory, “saleable” shall mean conforming to the octane, brand and applicable requirements for sales of fuel from the Fuel Equipment at the Locations.

Petroleum Inventory means crude oil, bitumen, blended bitumen, condensate, methanol, natural gas, natural gas liquids, natural gasoline, refined petroleum products, liquefied petroleum gases, propane, diesel, diluent, butane, wellsite fluids, tops, distillate, any blend thereof and Asphalt Products.

Petroleum Inventory means Inventory consisting of Petroleum Products, which Inventory shall be valued at the Petroleum Inventory Market Price (including any premium or discount to reflect location differentials).

Petroleum Inventory means Inventory consisting of refined petroleum products.

Petroleum Inventory means saleable gasoline, kerosene, diesel and other fuel/liquid that is available for sale as part of the Business as of the Closing. For purposes of determining Petroleum Inventory, “saleable” means conforming to the octane, brand and applicable requirements for sales of fuel and from tanks that do not contain more than one inch of water.

Petroleum Inventory. Inventory consisting of crude oil, petroleum, refined petroleum products, byproducts, and intermediate feedstocks, and other energy-related commodities, including condensate, natural gas liquids, liquefied petroleum gases, asphalt and other blend components commonly used in the petroleum industry to improve characteristics of, or meet governmental or customer specifications for, petroleum or refined petroleum products, or any blend thereof but excluding Tank Bottoms.