Oil Price definition

Oil Price shall be the average of the prices posted for West Texas Intermediate Oil, in current $US, over the six months prior to the month of a calculation. The prices to be used shall be those published at xxxx://xxx.xxx.xxx.xxx/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RWTC&f=D .
Oil Price means the cost of the distillate fuel oil in pounds sterling required to generate the same amount of electrical power as the Actual Utilisation Quantity (MWh), determined as follows:-

Examples of Oil Price in a sentence

  • If on any “Posting Day” only a single price is posted, negating the averaging process, the State normally uses the single posting as both the high and low prices, however, the State reserves the right to utilize the last posting immediately preceding said Oil Price Daily in which the missing price was posted until such time as both entries are again posted.

  • Corrections to posted prices previously posted in the Oil Price Daily will be considered only when caused by a typographical or clerical error on the part of said service provider.

  • Contract prices for all fuel grades shall be firm except that price revisions will be permitted in accordance with the following procedure: Revisions (increases or decreases) to the original contract price shall be based on prices posted in the OPIS Oil Price Daily.

  • If the OPIS Group Oil Price Daily is not posted on Thursday, the previous business day’s posting in which the specified prices are available will be utilized.

  • NYSPro will compute any price revisions by determining the difference between the posted price on March 14, 2013 and the posted price on every Thursday during the Contract period beginning with the OPIS Oil Price Daily of August 22, 2013.

  • The simple average of the high and low prices shown in the OPIS Group Oil Price Daily postings will be used to compute price revisions during the Contract period.

  • No. 2 B2 and Xx. 0 X0 xxxxx xx firm except that price revisions will be permitted in accordance with the following procedures: The B2 Bioheating fuel pricing shall be based on the OPIS Oil Price Daily Ultra Low Sulfur No. 2 – 2% bio-blend NY Tank Car Reseller.

  • Lockett, Hudson Lockett and David Sheppard, US Oil Price Plunges to 20-year Low as Coronavirus Hits Demand, Financial Times, April 19, 2020.

  • The price shall correspond to the Oil Price Information System (OPIS) posting for Philadelphia, PA market as published in the end of the day report, and shall be used for the day of delivery.

  • The basis for the fuel price changes shall be the weekly Oil Price Information Service (OPIS), PADD 1 Report, published each Monday.

Related to Oil Price

  • Retail Price As set forth in Exhibit A.

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Initial Price or “Initial Offer” means the price per Unit on the first day of the Initial Period determined by the Management Company.

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • Total Price means the amount specified as such in the Quote.

  • Strip Price means, at any time, (a) for the remainder of the then-current calendar year, the average NYMEX Pricing for the remaining months in such calendar year, (b) for each of the succeeding three complete calendar years, the average NYMEX Pricing for the twelve months in each such calendar year, and (c) for the succeeding fourth complete calendar year and each calendar year thereafter, the average NYMEX pricing for the twelve months in such fourth calendar year.

  • Closing Sales Price means, for any security as of any date, the last sales price of such security on the principal trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Corporation if Bloomberg Financial Markets is not then reporting closing sales prices of such security) (collectively, “Bloomberg”), or if the foregoing does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no such price is reported for such security by Bloomberg, the average of the bid prices of all market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a trading day for such security, on the next preceding date that was a trading day. If the Closing Sales Price cannot be calculated for such security on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Corporation, with the costs of such appraisal to be borne by the Corporation.

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • ex-works price means the price paid for the product ex works to the manufacturer in the EU or in a SADC EPA State in whose undertaking the last working or processing is carried out, provided the price includes the value of all the materials used, minus any internal taxes paid which are, or may be, repaid when the product obtained is exported;

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Retail Price Index means the general index of retail prices published by the Office for National Statistics each month in respect of all items or:

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Initial Unit Price means (a) with respect to the Common Units and the Subordinated Units, the initial public offering price per Common Unit at which the Underwriters offered the Common Units to the public for sale as set forth on the cover page of the prospectus included as part of the Registration Statement and first issued at or after the time the Registration Statement first became effective or (b) with respect to any other class or series of Units, the price per Unit at which such class or series of Units is initially sold by the Partnership, as determined by the General Partner, in each case adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of Units.

  • Sales Price means the actual sale execution price of each Share placed by the Agent pursuant to this Agreement.

  • Gross Value means the wholesale price, or, if there be no such price, the estimated value, with, in either case, freight, landing charges, and duty paid beforehand; provided that, in the case of goods or merchandise customarily sold in bond, the bonded price is deemed to be the gross value. “Gross proceeds” means the actual price obtained at a sale where all charges on sale are paid by the sellers.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • British thermal unit or "Btu" means the amount of heat

  • Call Price If applicable with respect to any Series, as specified in the applicable Supplement.

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Per Unit Purchase Price equals $7.05, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Cash price means the price measured in dollars at which a seller of a motor vehicle would in good faith sell to the buyer or to any other buyer under like circumstances, and the buyer would in good faith buy from the seller, the motor vehicle that is the subject matter of an installment sale contract if the sale were a sale for cash instead of an installment sale.

  • Spot Price means the rate of exchange at the time at which such price is to be determined for foreign exchange transactions in the relevant Currency Pair for value on the Spot Date, as determined in good faith: (i) by the Seller, for purposes of Section 5, and (ii) by the Non-Defaulting Party, for purposes of Section 8.