05.07.2009
The buying and selling of futures contracts so as to protect energy traders from unexpected or adverse price fluctuations. Sometimes investors view oil and thus invest in it as a hedge against inflation and a falling dollar
A financial risk management product or contract for sale and purchase of electricity that protects against price risks associated with the spot price of electricity. It sets a price at which a buyer will purchase a specific quantity of electricity at a specified node for a set period. The buyer pays this price regardless of whether the market price is higher or lower than the set price
A reactor which uses heavy water as its moderator
A hydrocarbon fluid with a gravity of 10° API or lower
Petroleum distillates with an approximate boiling range from 651 degrees Fahrenheit to 1000 degrees Fahrenheit
Relative to light crude oil and in general is any crude oil which does not flow easily and often a diluent is added at intervals in pipelines to ease the flow. Physical properties that distinguish heavy crudes from lighter ones include higher viscosity and specific gravity as well as heavier molecular composition
The amount of energy or heat that is generated when a hydrocarbon is burned (chemically combined with oxygen). It is usually expressed in terms of Btus per unit of measurement
A distillate fuel oil used in burners for domestic heating or for moderate capacity commercial and industrial burner units