WTI means West Texas Intermediate and is a grade of crude oil used as a common benchmark in oil pricing. WTI is a sweet crude oil and has a relatively low density.
WTI means a Specified Grade of Crude Petroleum meeting the specifications described for WTI in Item No. 10.
WTI means West Texas Intermediate.
Examples of WTI in a sentence
The written request for the Price Adjustment shall take into consideration and reflect the WTI pricing based upon a running average of the prior twelve (12) months.
Upon twelve (12) months of the Effective Date either Party may request in writing an adjustment, and corresponding increase or decrease, of the Pricing ($/bbl) ("Price Adjustment"), as shown upon Schedule 1, if and only if the West Texas Intermediate ("WTI") price per bbl varies to an amount equal to or exceeding a 20% change from an initial baseline value here defined as $80.00 per bbl (“Baseline Value”).
More Definitions of WTI
WTI. ’ means West Texas Intermediate, a benchmark crude oil.
WTI means West Texas Intermediate, a light sweet blend of oil produced from fields in western Texas and is a grade of oil used as a benchmark in oil pricing.
WTI means, with regard to any month, the NYMEX calendar month average settlement price for West Texas Intermediate for that month in barrels multiplied by 6.289811 barrels per cubic metre.
WTI means the price of West Texas Intermediate oil on the NYMEX.
WTI means West Texas Intermediate crude oil and any crude oil meeting the specifications of the WTI NYMEX futures contract for delivery at Cushing, Oklahoma.
WTI means West Texas Intermediate. “/Bbl” means per barrel.