GAL gallon
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.
G/L Grams per liter
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
HO Heating oil
H/P High pour
HS High sulfur
HSFO High sulfur fuel oil
IPE International Petroleum Exchange
Isomerate A gasoline blendstock made in an isomerization unit
Kero Kerosene
KT one thousand metric tons.
Landed Cost
(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 products,
light ends The group of petroleum products with lower boiling temperatures including gasolines and distillate fuels.
LLS Light Louisiana Sweet
LNG Liquefied natural gas
L/P Low pour
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.
LS Low sulfur
LSFO Low sulfur fuel oil
LSWR Low sulfur waxy residual fuel oil
LVN Light virgin naphtha
Med Mediterranean
Metric Ton A standard measurement: averages 7.33 barrels of crude oil.
Midgrade
unleaded Unleaded gasoline with a 89 R+M/2 octane rating.
MOGAS Abbreviation for motor gasoline
MON Motor Octane Number
MT Metric ton
MTBE Methyl tertiary butyl ether -- an octane booster and oxygenate used for gasoline blending.
MTH Month
Naphtha Straight-run gasoline fractions. Used as a feedstock for reforming and as a petrochemical feedstock.
N+A Naphthenes and aromatics
N/A Not applicable
Naphthenic A high naphthenes content
Naphthenic
naphtha Usually favored as reformer feedstock.
NGL Natural gas liquids. Includes ethane, propane, butane and condensate.
NOR Notice of readiness
NPH Naphtha
NWE Northwest Europe
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
MTBE and ethanol.
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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