Home > Industry/Domain > Energy > Petrol

Petrol

a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure.

Contributors in Petrol

Petrol

average delivered price

Energy; Coal

The weighted average of all contract price commitments and market price settlements in a delivery year.

average household energy expenditures

Energy; Coal

A ratio estimate defined as the total household energy expenditures divided by the total number of households.

average mine price

Energy; Coal

The ratio of the total value of the coal produced at the mine to the total production tonnage.

average production per miner per day

Energy; Coal

The product of the average production per miner per hour at a mining operation and the average length of a production shift at the operation.

average production per miner per hour

Energy; Coal

The ratio of the total production at a mining operation to the total direct labor hours worked at the operation.

bulk terminal

Energy; Coal

A facility used primarily for the storage and/or marketing of petroleum products, which has a total bulk storage capacity of 50,000 barrels or more and/or receives petroleum products by tanker, ...

bundled utility service (electric)

Energy; Coal

A means of operation whereby energy, transmission, and distribution services, as well as ancillary and retail services, are provided by one entity.

Featured blossaries

Top Restaurants in Lahore

Category: Food   1 9 Terms

Indonesian Food

Category: Food   2 11 Terms