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Glossary Oil and Gas Field Operations / Term

Fuel Oils

The heavy oils from the refining process. used as fuel for power stations, industry, ships etc. Futures (oil). The sale and purchase of oil at a price agreed upon in advance for delivery at a future date. The seller may not yet have the oil and both buyer and seller are speculating on how prices will change in the future.

Permanent link Fuel Oils - Creation date 2020-06-07


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