Tag: crude
Natural Gas Equivalent
What is natural gas equivalent
Natural gas is a fossil fuel that consists mostly of methane. It is often used as a fuel for cooking,...
Natural Gas Liquids (NGL)
What are 'Natural Gas Liquids - NGL' Natural gas liquids (NGL) are components of natural gas that are separated from the gas...
Oil Sands
DefinitionOil sands, also known as tar sands or crude bitumen, or more technically bituminous sands, are a type of unconventional petroleum deposit. Oil sands...
Oil ETF
What is 'Oil ETF' A category of exchange-traded funds that invest in companies engaged in oil and gas discovery, production, distribution and...
Oil Price to Natural Gas Ratio
What is 'Oil Price to Natural Gas Ratio' A mathematical ratio comparing the prices of crude oil and natural gas. In the...
Oil Reserves
DefinitionOil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price...
Oil Refinery
DefinitionOil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum...
Oil Services Industry ETF
What is 'Oil Services Industry ETF' A sector exchange-traded fund (ETF) that invests in companies engaged in providing services such as drilling...
Oil Field
DefinitionAn "oil field" or "oilfield" is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically...
Salad Oil Scandal
DefinitionThe Salad Oil Scandal, also referred to as the "Soybean Scandal", was a major corporate scandal in 1963 that ultimately caused over $150 million...