WTI, Cushing definition

WTI, Cushing means the New York Mercantile Exchange (NYMEX) calendar month average light sweet crude oil front month contract price for the month of delivery. SCHEDULE 2.1 QUALITY RANGES OF CRUDE OIL Property Test Methodology Units Typical Range MIN/MAX API Density ASTM-D4052 ° API 35 30/40 Sulfur ASTM-D4294 wt % 0.1 0/0.1 Distillation ASTM-D1160 See Below Water Content Vol. % 1.5 0/2.0 TBP by Simulated Distillation Percent off Temp F 5 313 10 392 20 515 30 616 40 702 50 776 60 843 70 930 80 964 90 1034 SCHEDULE 2.3 DELIVERY POINT Xxxxx to supply locations of lease tankage where its Uinta Basin, Utah production will be delivered to Refiner from time to time. SCHEDULE 3.2 QUALITY TESTING PROCEDURES SCHEDULE 3.3
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Examples of WTI, Cushing in a sentence

  • A Gulf Coast 3/2/1 crack spread is calculated assuming that three barrels of WTI Cushing crude oil are converted, or cracked, into two barrels of Gulf Coast conventional gasoline and one barrel of Gulf Coast ultra-low sulfur diesel.

  • The Brent less WTI Cushing spread represents the differential between the average price per barrel of Brent crude oil and the average price per barrel of WTI Cushing crude oil.

  • The WTI Cushing less WTS, or sweet/sour, spread represents the differential between the average price per barrel of WTI Cushing crude oil and the average price per barrel of WTS crude oil.

  • The WTI Cushing less WTI Midland spread represents the differential between the average price per barrel of WTI Cushing crude oil and the average price per barrel of WTI Midland crude oil.

  • The LLS less WTI Cushing spread represents the differential between the average price per barrel of LLS crude oil and the average price per barrel of WTI Cushing crude oil.

  • For our Tyler and El Dorado refineries, we compare our per barrel refining product margin to the Gulf Coast 5-3-2 crack spread consisting of WTI Cushing crude, U.S. Gulf Coast CBOB and U.S, Gulf Coast Pipeline No. 2 heating oil (high sulfur diesel).

  • For our Big Spring refinery, we compare our per barrel refined product margin to the Gulf Coast 3-2-1 crack spread consisting of WTI Cushing crude, Gulf Coast 87 Conventional gasoline and Gulf Coast ultra-low sulfur diesel, and for our Krotz Springs refinery, we compare our per barrel refined product margin to the Gulf Coast 2-1-1 crack spread consisting of LLS crude oil, Gulf Coast 87 Conventional gasoline and U.S, Gulf Coast Pipeline No. 2 heating oil (high sulfur diesel).

  • For our Big Spring refinery, we compare our per barrel refined product margin to the Gulf Coast 3-2-1 crack spread consisting of WTI Cushing crude, Gulf Coast 87 Conventional gasoline and Gulf Coast ultra low sulfur diesel, and for our Krotz Springs refinery, we compare our per barrel refined product margin to the Gulf Coast 2-1-1 crack spread consisting of LLS crude oil, Gulf Coast 87 Conventional gasoline and U.S, Gulf Coast Pipeline No. 2 heating oil (high sulfur diesel).

  • CUSHING WTI/MIDLAND WTI SPREAD- Pxxxx’x daily high/low average fro WTI Cushing minus Pxxxx’x daily high/low average for Midland WTI is the daily WTI/WTI spread.

  • The annual average Henry Hub spot market gas price of $3.10 per MMBtu and the annual average WTI Cushing spot oil price of $65.56 per barrel were used in this report.

Related to WTI, Cushing

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

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Hot water means water at a temperature of 110°F. or higher.

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

  • 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.

  • air transport means the carriage by aircraft of passengers, baggage, cargo, and mail, separately or in combination, held out to the public for remuneration or hire, including scheduled and non-scheduled air services;

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Fresh water means water, such as tap water, that has not been previously used in a process operation or, if the water has been recycled from a process operation, it has been treated and meets the effluent guidelines for chromium wastewater.

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • CPN is a Common Channel Interoffice Signaling ("CCIS") parameter which refers to the number transmitted through a network identifying the calling party.

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

  • LNG means liquefied natural gas.

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

  • Ash means all species of the genus Fraxinus.

  • LPG means liquefied petroleum gas.

  • MT means metric ton.

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

  • 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.