A group of independent crude oil producing nations that are not members of OPEC, but have collectively restricted production levels in support of OPEC. Includes Malaysia, Mexico, Oman, Egypt, Angola, China and Colombia.
Price designation which only applies to product traded in the Mont Belvieu Caverns facility that is a subsidiary of Enterprise Products Partners, LP.
The notification by the seller of a spot market obligation of the attempt to deliver the product to satisfy the commitment.
Contractual crude oil arrangements very prevalent during the mid-80’s which set the sales price of crude oil on the value of the derivative petroleum products.
The difference between the spot and rack prices for refined petroleum products.
The price a refiner receives for the sale of petroleum products after deducting the transportation or affiliated costs in shipping the product from its point of origin (i.e. pipeline tariffs, waterborne freight, storage fees, line loss, cost of capital, etc.).
A measure of profitability based on the ratio of net income to total operating revenues.
The difference between total movements into and total movements out of each PADD by pipeline, tanker, and barge.
An average of all rack suppliers, calculated with any prepayment discount reduced from the applicable suppliers.
Prices include any available prompt payment discounts.