Sweet Crude Oil definition

Sweet Crude Oil means Petroleum with a sulfur content of less than five-tenths of one percent (0.5%) by weight, as determined by test method ASTM D-1552 or ASTM D-4294.
Sample 1Sample 2Sample 3
Sweet Crude Oil means crude oil containing quantities of sulfur equal to or less than 0.4 percent by weight.
Sample 1Sample 2Sample 3
Sweet Crude Oil as herein used means Crude Petroleum with a sulfur content of 0.4% (by weight) or less, as determined by Test Method ASTM D-1552 or D-129.
Sample 1Sample 2

Examples of Sweet Crude Oil in a sentence

  • Oman- Dubai genannt.228 Die korrespondierenden börsennotierten Terminkontrakte der Marker Crudes sind der an der Londoner ICE/IPE gehandelte Brent Future, der an der New York Mercantile Exchange (NYMEX) gehandelte Light Sweet Crude Oil Future (WTI) und der an der Dubai Mercantile Exchange gehandelte Oman Crude Oil Future.229 Die Preise für diese Futures und damit die Referenzpreise für alle 220 Mineralölwirtschaftsverband e.V., Preisbildung am Rohölmarkt, 2004, S.

  • Two of these benchmarks dominate world crude oil futures trading, namely ICE Futures Brent Crude Future Contracts, traded in London on the ICE Futures Market, and West Texas Intermediate (WTI) — Light Sweet Crude Oil Futures, traded on the New York Mercantile Exchange (NYMEX).

  • Because the price of crude may fall, the SPV reduces that risk by entering into a NYMEX Light Sweet Crude Oil crude oil swap with Swap Dealer C.

  • Selling NYMEX Light Sweet Crude Oil Referenced Contracts is a substitute for transactions to be taken at a later time in the physical marketing channel once the oil is produced.

  • The Index is expressed as a differential versus the Calendar Month Average (CMA) of the NYMEX Light Sweet Crude Oil futures settlement price.

  • The NYMEX Light Sweet Crude Oil Futures contract is denominated in USD per barrel.

  • NYMEX is part of the CME Group, which is also the parent of the Chicago Mercantile Exchange and Chicago Board of Trade.The NYMEX Light Sweet Crude Oil Futures contract provides an alternative means of investing in oil.

  • The contracts will be rolled over as they expire.The trading hours for the NYMEX Light Sweet Crude Oil Futures on CME Globex trading platform are currently from 6:00pm on Sundays, through to 5:15pm on Fridays, US Eastern Time, with a 45-minute break each day between 5:15pm and 6:00pm.Further information on the NYMEX Light Sweet Crude Futures contract can readily be obtained from www.cmegroup.com.

  • To reduce that risk, Com- pany A sells 5,000 NYMEX Light Sweet Crude Oil Referenced Contracts, which is equiva- lent to the firm’s anticipated share of the oil produced.Analysis: Company A’s hedge of a portion of its revenue stream from the risk service agreement meets the general requirements for bona fide hedging (§ 151.5(a)(1)(i)–(iii)) and the specific provisions for services (§ 151.5(a)(2)(vii)).

  • The fluc- tuations in value of the SPV’s anticipated royalties are substantially related to the fluctuations in value of the NYMEX Light Sweet Crude Oil Referenced Contract swap with Swap Dealer C.


More Definitions of Sweet Crude Oil

Sweet Crude Oil means crude oil with a sul- fur content not greater than 0.5 percent by weight.
Sample 1
Sweet Crude Oil. ’ means crude oil with a low sulphur content.
Sample 1

Related to Sweet Crude Oil

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

  • 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.

  • 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.

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

  • 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.

  • Feedstock means any controlled substance or new substance that undergoes chemical transformation in a process in which it is entirely converted from its original composition and whose emissions are insignificant,

  • 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.

  • Meet Point A point, designated by the Parties, at which one Party’s responsibility for service begins and the other Party’s responsibility ends.

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

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

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) 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.

  • Feedstock Gas means natural gas used as a raw material for its chemical properties in creating an end product.

  • CO2 means carbon dioxide.

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

  • LNG means liquefied natural gas.

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

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Refinery means a facility used to produce motor fuel from crude oil, unfinished oils, natural gas liquids, or other hydrocarbons and from which motor fuel may be removed by pipeline, by marine vessel, or at a rack.

  • Ethanol means a high octane gasoline blend stock that is used to make various grades of gasoline.

  • Transportation fuel means electricity and any liquid or

  • 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.

  • INTER-CONNECTION POINT/ DELIVERY/ METERING POINT means a single point at 220kV or above, where the power from the Project(s) is injected into the identified ISTS Substation (including the dedicated transmission line connecting the Projects with the substation system) as specified in the RfS document. Metering shall be done at this interconnection point where the power is injected into. For interconnection with grid and metering, the WPDs shall abide by the relevant CERC/ SERC Regulations, Grid Code and Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006 as amended and revised from time to time.

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Coal means high-grade, medium-grade and low-grade category A and B coal within the meaning of the international codification system for coal established by the United Nations Economic Commission for Europe and clarified in the Council decision of 10 December 2010 on State aid to facilitate the closure of uncompetitive coal mines;