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Gasoil An intermediate distillate product used for diesel fuel, heating fuel and sometimes as feedstock.
Term is often used interchangeably with No. 2 heating oil.
HDA Hydrodealkylation, a process used for making benzene from toluene.
Heavy crude oil Has API gravity lower than 28 degrees. The lower the API gravity, the heavier the oil.
HLS Heavy Louisiana Sweet
HSFO High sulfur fuel oil
IPE International Petroleum Exchange
Isomerate A gasoline blendstock made in an isomerization unit
KT one thousand metric tons.
(of oil) The cost of oil off-loaded at a port. Similar to CIF, but would also include any duties fees or taxes.
Lifting Tankers and barges loading petroleum at a terminal or transfer point.
Light crude oil Has an API gravity higher than 33 degrees. The higher the API gravity, the lighter the crude oil.
light ends The group of petroleum products with lower boiling temperatures including gasolines and distillate fuels.
LLS Light Louisiana Sweet
LNG Liquefied natural gas
LPG Liquefied petroleum gases such as propane and butane produced at refineries or natural gas
processing plants, including plants that fractionate raw natural gas plant liquids.
LSWR Low sulfur waxy residual fuel oil
Metric Ton A standard measurement: averages 7.33 barrels of crude oil.
unleaded Unleaded gasoline with a 89 R+M/2 octane rating.
MOGAS Abbreviation for motor gasoline
MTBE Methyl tertiary butyl ether -- an octane booster and oxygenate used for gasoline blending.
Naphtha Straight-run gasoline fractions. Used as a feedstock for reforming and as a petrochemical feedstock.
N+A Naphthenes and aromatics
Naphthenic A high naphthenes content
naphtha Usually favored as reformer feedstock.
NGL Natural gas liquids. Includes ethane, propane, butane and condensate.
NYMEX New York Mercantile Exchange
Octane number A measure of the detonation quality of gasoline. The higher the octane number, the higher the
resistance to engine knock.
Olefins A group of petrochemicals characterized by their straight or branched structure. Includes ethylene,
the largest volume petrochemical, and propylene and butadiene.
Out-turn Quantity of oil unloaded from vessel at discharge point.
Oxygenate Oxygen-containing blend stocks favored for their octane and their clean burning quality. Includes
PADD Petroleum Allocation for Defense District. A group of five geographic areas in the US used in
reference to petroleum distribution.
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