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.

Industry: Energy

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Petrol

market price contract

Energy; Coal

A contract in which the price of uranium is not specifically determined at the time the contract is signed but is based instead on the prevailing market price at the time of delivery. A market price ...

ion exchange

Energy; Coal

Reversible exchange of ions adsorbed on a mineral or synthetic polymer surface with ions in solution in contact with the surface. A chemical process used for recovery of uranium from solution by the ...

heliostat

Energy; Coal

A mirror that reflects solar rays onto a central receiver. A heliostat automatically adjusts its position to track daily or seasonal changes in the sun's position. The arrangement of heliostats ...

market price settlement (uranium)

Energy; Coal

The pricepaid for uranium delivery under a market-price contract. The price iscommonly (but not always) determined at or sometime before delivery and may be related to a floor price, ceiling price, ...

iron and steel industry

Energy; Coal

Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills Establishments primarily engaged in manufacturing hot metal, pig iron, and silvery pig iron from iron ore and iron and steel ...

henry hub

Energy; Coal

A pipeline hub on the Louisiana Gulfcoast. It is the delivery point for the natural gas futures contract on the New York Mercantile Exchange (NYMEX).

market-based pricing

Energy; Coal

Prices of electric power or other forms of energy determined in an open market system of supply and demand under which prices are set solely by agreement as to what buyers will pay and sellers will ...