West Texas Intermediate definition

West Texas Intermediate means the Product meeting the specifications set forth in Item 4.a.3. “West Texas Light Sweet” means the Product meeting the specifications set forth in Item 4.a.3.
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West Texas Intermediate. WTI")” means a grade of crude oil used as a benchmark in oil pricing. This grade is described as light because of its relatively low density, and sweet because of its low sulfur content.
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West Texas Intermediate or “WTI” means West Texas Intermediate grade crude oil at a reference sales point in Cushing, Oklahoma, a common benchmark for crude oil.
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Examples of West Texas Intermediate in a sentence

  • If the Administrative Agent and the Depositor are unable to identify such a source, they shall seek to enter into a licensing agreement with the Down ▇▇▇▇▇ Energy Service for the West Texas Intermediate Crude Oil or Light Sweet Louisiana Crude Oil.

  • 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.

  • Effective with the Lease Year commencing July 1, 2020 and for each successive Lease Year thereafter, the rate for determining Production Royalties payable under this Paragraph 4(c)(i) shall be subject to adjustment based on changes in the average monthly “spot” price for West Texas Intermediate Crude Oil as specified in Table 1 below.

  • The Borrowers shall investigate in good faith and, to the extent deemed appropriate in Borrowers’ commercially reasonable judgment, pursue opportunities to hedge the risks associated with fluctuations in jet fuel prices, including without limitation swap and option contracts for West Texas Intermediate Crude Oil, Gulf Coast Jet A fuel and “crack spread” contracts.

  • WTI: Price of West Texas Intermediate, defined in Article 10.3. BTD: Price of ▇▇▇▇▇ Dated, defined in Article 10.3.

  • As of the moment when the accrued production of each Exploration area, including the royalty volume, surpasses five million Barrels of Liquid Hydrocarbons, and in the event the price of the benchmark crude West Texas Intermediate price tops the Base Price Po, THE CONTRACTOR shall pay to the ▇▇▇ an amount in United States Dollars per month in arrears, payable within the 30 calendar days following each due date.

  • The value of the price for future payment will be that of West Texas Intermediate (WTI) first line in the New York Mercantile Exchange (NYMEX), according to Platts publication / quote.

  • For Liquid Hydrocarbons, this is the average price per barrel of West Texas Intermediate (WTI) benchmark crude oil in United States of America dollars per Barrel (USD $ / Bl), and for Natural Gas, this is the average price for US Coast ▇▇▇▇▇ Hub benchmark natural gas in United States of America Dollars per million British Thermal Units (BTU) (US $ / MMBTU).

  • West Texas Intermediate (“WTI”) Crude Oil All Crude Oil delivered to STUSCO under this Agreement shall be fully compliant with all aspects of the Magellan Pipeline Company, L.P. Local Pipeline Tariff Containing Rules and Regulations Governing the Transportation and Handling of Crude Petroleum Transported by Pipeline (“Rules”) and any applicable tariff and shall not cause STUSCO to be out of compliance with such Rules or any applicable tariff, each as amended from time to time.

  • The price to be paid by Buyer for all volumes purchased shall be calculated on a Monthly basis, and shall be (**)% of the average of West Texas Intermediate Crude (the average of the first posting of the Month as posted by ExxonMobil, Chevron, and Conoco ▇▇▇▇▇▇▇▇) for such Month.

Related to West Texas Intermediate

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