|
West Texas Intermediate
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX). The WTI oil grade is also known as Texas light sweet, oil produced from any location can be considered WTI if the oil meets the required qualifications. Spot and futures prices of WTI are used as a benchmark in oil pricing. This grade is described as light crude oil because of its low density and sweet because of its low sulfur content. The price of WTI is often included in news reports on oil prices, alongside the price of Brent crude from the North Sea. Other important oil markers include the Dubai crude, Oman crude, Urals oil, and the OPEC reference basket. WTI is lighter and sweeter, containing less sulfur than Brent, and considerably lighter and sweeter than Dubai or Oman. WTI crud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil Spread team
{{Disambiguation ...
Crude can refer to: * Crude oil or simply crude, the unprocessed form of petroleum * ''Crude'' (2007 film), an Australian documentary about the geology and economics of crude oil * ''Crude'' (2009 film), an American documentary about oil companies and lawsuits in Ecuador * ''Crude'' (album), by Bongshang, 1993 * ''Crude'' (comic), a comic book series by Steve Orlando and Garry Brown * Oklahoma Crude, a former National Indoor Football League The National Indoor Football League (NIFL) was a professional indoor football league in the United States. For their first six years, the league had teams in markets not covered by either the Arena Football League or its developmental league, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Gravity
The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water: if its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks. API gravity is thus an inverse measure of a petroleum liquid's density relative to that of water (also known as specific gravity). It is used to compare densities of petroleum liquids. For example, if one petroleum liquid is less dense than another, it has a greater API gravity. Although API gravity is mathematically a dimensionless quantity (see the formula below), it is referred to as being in 'degrees'. API gravity is graduated in degrees on a hydrometer instrument. API gravity values of most petroleum liquids fall between 10 and 70 degrees. In 1916, the U.S. National Bureau of Standards accepted the Baumé scale, which had been developed in France in 1768, as the U.S. standard for measuring the specific gravity of liquids less d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Markets
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly ''exchanges'', organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. This may be a physical location (such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), JSE Limited (JSE), Bombay Stock Exchange (BSE) or an electronic system such as NASDAQ. Much trading of stocks takes place on an exchange; still, corporate actions (merger, spinoff) are outside an exchange, while any two companies or people, for whatever reason, may agree to sell the stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bilateral basis, although some bonds trade o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P GSCI
The S&P GSCI (formerly the Goldman Sachs Commodity Index) serves as a benchmark for investment in the commodity markets and as a measure of commodity performance over time. It is a tradable index that is readily available to market participants of the Chicago Mercantile Exchange. The index was originally developed in 1991, by Goldman Sachs. In 2007, ownership transferred to Standard & Poor's, who currently own and publish it. Futures of the S&P GSCI use a multiple of 250. The index contains a much higher exposure to energy than other commodity price indices such as the Dow Jones-UBS Commodity Index. Index composition The S&P GSCI contains as many commodities as possible, with rules excluding certain commodities to maintain liquidity and investability in the underlying futures markets. The index currently comprises 24 commodities from all commodity sectors - energy products, industrial metals, agricultural products, livestock products and precious metals. The wide range of constitue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg Commodity Index
The Bloomberg Commodity Index (BCOM) is a broadly diversified commodity price index distributed by Bloomberg Index Services Limited. The index was originally launched in 1998 as the Dow Jones-AIG Commodity Index (DJ-AIGCI) and renamed to Dow Jones-UBS Commodity Index (DJ-UBSCI) in 2009, when UBS acquired the index from AIG. On July 1, 2014, the index was rebranded under its current name. The BCOM tracks prices of futures contracts on physical commodities on the commodity markets. The index is designed to minimize concentration in any one commodity or sector. It currently has 23 commodity futures in six sectors. No one commodity can compose more than 15% of the index, no one commodity and its derived commodities can compose more than 25% of the index, and no sector can represent more than 33% of the index (as of the annual weightings of the components). The weightings for each commodity included in BCOM are calculated in accordance with rules account for liquidity and production dat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payne County, Oklahoma
Payne County is located in the U.S. state of Oklahoma. As of the 2010 census, the population was 77,350. Its county seat is Stillwater. The county was created in 1890 as part of Oklahoma Territory and is named for Capt. David L. Payne, a leader of the " Boomers".''Chronicles of Oklahoma''. "Origin of County Names in Oklahoma." v. 2, N, 1. March 1924. Retrieved May 26, 201 Payne County comprises the Stillwater, OK Micropolitan Statistical Area. The county lies northeast of the Oklahoma City metropolitan area although some consider it an extension of the Oklahoma City metro area due to commuter patterns and other indicators. History This county was established and named as the Sixth County by the Oklahoma Organic Act of 1890. It included land settled during the Land Run of 1889. The Organic Act settled a dispute between the towns of Stillwater and Perkins over which should be the county seat.Newsom, D. Earl"Payne County,"''Encyclopedia of Oklahoma History and Culture'', Oklaho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cushing Oil Field
The Cushing Oil Field, also known as the Cushing-Drumright Oil Field, is an oil field in northeastern Oklahoma, part of the Mid-Continent oil province. The by field includes southeastern Payne County, northwestern Creek County, and northeastern Lincoln County. Named for its primary supply center at Cushing, Oklahoma, the field was developed from 1912. 20th century production In 1912, the discovery well, the Wheeler No. 1 Oil Well came in near Drumright for wildcatter Thomas Baker Slick, Sr. Peak production was in May 1917 at 310,000 barrels per day, accounting for two thirds of the refinable crude oil production in the western hemisphere during that time, and provided twenty percent of the petroleum sold in the United States in 1915-1916. At the peak, 3,090 wells were producing, making the field the most significant production field in Oklahoma. The Drumright Dome, near Drumright, Oklahoma, was the first area to be exploited, followed by the Shamrock Dome. The field ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cushing, Oklahoma
Cushing ( sac, Koshineki, iow, Amína P^óp^oye Chína, ''meaning: "Soft-seat town"'') is a city in Payne County, Oklahoma, United States. The population was 7,826 at the time of the 2010 census, a decline of 6.5% since 8,371 in 2000. Cushing was established after the Land Run of 1891 by William "Billy Rae" Little. It was named for Marshall Cushing, private secretary to U.S. Postmaster General John Wanamaker. A 1912 oil boom led to the city's development as a refining center.''Encyclopedia of Oklahoma History and Culture'"Cushing" By D. Earl Newsome, Accessed June 9, 2010. Today, Cushing is a major trading hub for crude oil and a price settlement point for West Texas Intermediate on the New York Mercantile Exchange and is known as the "Pipeline Crossroads of the World." History The area that became Cushing was part of the Sac and Fox Reservation. With the Land Run of 1891, a former government trader for the tribe, Billy Rae Little, built a house, established his claim, and l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. Originally, the exchange was a non-profit organization. The Merc demutualized in November 2000, went public in December 2002, and merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc., which operates both markets. The chairman and chief executive officer of CME Group is Terrence A. Duffy, Bryan Durkin is president. On August 18, 2008, shareholders approved a merger with the New York Mercantile Exchange (NYMEX) and COMEX. CME, CBOT, NYMEX, and COMEX are now markets owned by CME Group. After the merger, the value of the CME quadrupled in a two-year span, with a market cap of over $25 billion. Today, CME is the largest options and futures con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argus Sour Crude Index
The Argus Sour Crude Index (ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts. The ''ASCI'' methodology creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil. The three crude oil grade components are Mars, Poseidon, and Southern Green Canyon. Thus the daily ''ASCI'' price published by Argus Media Ltd represents the value of US Gulf coast medium sour crude oil. Market adoption The Argus Sour Crude Index (“ASCI”) has been adopted as the benchmark price for sales of crude oil by Saudi Aramco (in 2009), Kuwait (in 2009) and Iraq (in 2010). Contracts based upon ASCI are listed on the world's two largest oil exchanges, the CME Group New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argus Media
Argus (formerly known as Petroleum Argus Ltd) is an independent provider of price information, consultancy services, conferences, market data and business intelligence for the global petroleum, natural gas, electricity, emissions, biofuels, biomass, LPG, metals, petrochemicals, fertilizers, agriculture and coal industries. Overview Argus is a privately held UK-registered company which produces price assessments and analysis of international energy and other commodity markets, and also offers consulting services and conferences. Argus was the first price-reporting agency to apply an IOSCO audit for its energy benchmarks. Argus was owned by the family of its founder Jan Nasmyth and its senior staff, but in September 2016 a majority-stake was sold to the equity firm General Atlantic valuing the company at $1.4 billion. Argus's headquarters are in London, with major offices in Washington, Houston, Singapore, New York, Dubai, Astana, Kyiv, Tokyo and Beijing as well as employee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> Oil Gravity")
