Copy of `Platt's oul guide`

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Platt's oul guide Category: General technical and industrial > Oil specification terms Date & country: 15/08/2008, USA Words: 163

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

MYR
Malaysian ringgit

Naphtha
Straight-run gasoline fractions. Used as a feedstock for reforming and as a petrochemical feedstock.

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.

Paraffinic
A high paraffins content

Paraffinic naphtha
Usually favored quality of naphtha for ethylene plant feedstock.

PCT
Percent

Petrochemicals
Chemicals derived from petroleum; feedstocks for the manufacture of plastics and synthetic rubber. Petrochemicals include benzene, toluene, xylene, styrene, and methanol.

PG
Persian Gulf (Same as Arab Gulf--AG)

Polymers
Made from monomers. The most common include widely traded plastics like polyethylene, polypropylene and polystyrene.

PONA
Paraffins, olefins, naphthenes and aromatics content.

Posted Price
A statement of the price requested by a seller of crude oil or products. The 'list price.'

Pour Point
Lowest temperature which oil will readily flow without disturbance when chilled.

PPM
Parts per million

PPT
Prompt

Prem
Premium

Rack Pricing
Selling to petroleum jobbers or other resellers FOB at the refinery, with the customer picking up transportation charges. The price of petroleum products at the refinery loading rack; cash and carry at the refinery's loading dock.

Reformate
A high-aromatics, high-octane product made in a reformer and used to blend motor gasoline or aviation gasoline.

Reg
Regular gasoline. Usually contains lead.

Reg Unl
Regular unleaded gasoline.

Resids
Residual fuel oils

RNR
Rate not revealed

RON
Research octane number

RSFO
Regular sulfur fuel oil

RVP
Reid vapor pressure, a measure of a gasoline's volatility.

SFR
Swiss Franc

SG
Specific gravity

SGD
Singapore dollar

Simex
Singapore Monetary Exchange

Sour/Sweet Crude
Definitions which describes the degree of a given crude's sulfur content. Sour refers to high sulfur and sweet to low-sulfur.

SPR
Strategic Petroleum Reserve in the US

Steam cracker
(Ethylene plant) A petrochemical plant that produces olefins, particularly ethylene, and, in some cases, aromatics.

Straight-Run
Material which has come straight from an atmospheric distillation unit and has not been cracked or reformed, and which is usually used as a feedstock or as a utility fuel.

TC
Time charter

UKC
UK Continent

ULCC
Ultra large crude carrier; has capacity for 320,000 to 600,000 dwt.

UNL
Unleaded.

USAC
US Atlantic Coast

USD
US dollar

USG
United States Gulf

USWC
US West Coast

Vanadium
Metal present in certain types of fuel

VGO
Vacuum gasoil, also known as cat feed. Feedstock for fluid catalytic cracker used to make gasoline, No.2 oil and other byproducts.

VIS or VISC
Viscosity. A measure of a liquid's resistance to flow. Several viscosity scales are used depending on the type of oil being measured.

VLCC
Very large crude carrier; has capacity for 200,000 to 320,000 dwt.

WTI
West Texas Intermediate. The WTI spot price of crude is reported from Cushing, Oklahoma.

WTS
West Texas Sour

WYO SWT
Wyoming Sweet