The petroleum storage tanks of end users, such as vehicle gasoline tanks or home heating oil storage.
A discount given to a jobber, often when the supplier has a surplus and is likely to run down inventories, or when retail profit pressure requires temporary rack discounting.
The designation used within the industry to specify that product traded in the original TET facility currently owned by the Energy Transfer Partners LP and Regency Energy Partners LP joint venture, (LST), at Mont Belvieu, Texas.
Analysis primarily derived from studying historical buying/selling patterns in futures and spot markets and attempting to predict with reasonable certainty the probability of mimicking those movements again. Technical analysis is often very sophisticated and is probably the single most critical factor in determining day-to-day futures price movements.
A schedule of rates that a common carrier pipeline is permitted to charge to transport petroleum products or crude.
An alcohol primarily used as a chemical feedstock, a solvent or feedstock for isobutylene production for MTBE; produced as a co-product of propylene oxide production or by direct hydration of isobutylene.
Vessels that transport crude oil or petroleum products. Data are reported for movements between PADDs, from PADDs to the Panama Canal; or from the Panama Canal to a PADD.
An installation used by gathering and trunk pipeline companies, crude oil producers, and terminal operators (except refineries) to store crude oil.
An oxygenate blend stock formed by the catalytic etherfication of isoamylene with methanol.
An exchange of obligations to pay each other a defined amount based upon the relative values of a fixed price and specific index. Typically, one party receives a fixed price in exchange for an indexed (escalating) price. Settlement is in cash and at specified times. Example: If party A receives a fixed price and party B receives OPIS low, then party A collects the difference when OPIS is above the fixed price, and party B collects when it is lower.