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spot of oil

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  • Oil sands — The Athabasca oil sands in Alberta, Canada, are a very large source of bitumen, which can be upgraded to synthetic crude oil. Bituminous sands, colloquially known as oil sands or tar sands, are a type of unconventional petroleum deposit. The… …   Wikipedia

  • Oil well control — is the management of the dangerous effects caused by unexpected high pressures upon surface equipment of oil or gas drilling rigs. Technically, oil well control involves preventing Formation fluid, usually referred to as kick, from entering into… …   Wikipedia

  • spot — 1 noun (C) 1 PLACE a particular place or area, especially a pleasant place where you spend time: an ideal spot for a picnic | We walked along the beach looking for a spot to sit. | camping/swimming/holiday spot (=a place that is suitable for a… …   Longman dictionary of contemporary English

  • oil spot — noun A spot consisting of oil; for instance, in the ocean subsequent to an oil spill. See Also: oil drop …   Wiktionary

  • Oil-storage trade — The oil storage trade is a trading strategy where oil tank owners and companies that lease storage buy oil for immediate delivery and hold it in their storage tanks, then sell contracts for future delivery at a higher price. When delivery dates… …   Wikipedia

  • spot market — Market for the purchase or sale of financial instruments, commodities, or other assets for cash settlement and immediate, as opposed to future, delivery. Also called the cash market. American Banker Glossary The market in which cash transactions… …   Financial and business terms

  • Oil ETF — A category of exchange traded funds that invest in companies engaged in oil and gas discovery, production, distribution and retail. Some oil ETFs may be set up as commodity pools – with limited partnership interests instead of shares… …   Investment dictionary

  • Spot Market — 1. A commodities or securities market in which goods are sold for cash and delivered immediately. Contracts bought and sold on these markets are immediately effective. 2. A futures transaction for which commodities can be reasonably expected to… …   Investment dictionary

  • Oil reserves in Southeast Asia — Southeast Asia is a rich source of hydrocarbon resources natural gas and petroleum. Brunei, Vietnam and Malaysia, in addition to Indonesia, benefit from the latest trend, although recent attention has been drawn inexplicably to the Southeast… …   Wikipedia

  • spot market — n. the open market where deals are made on the spot. (Securities markets.) □ Oil reached nearly twenty five dollars a barrel on the spot market. □ Gold prices on the spot market finally reached $600 per ounce and then promptly collapsed …   Dictionary of American slang and colloquial expressions

  • spot market — noun a market in which a commodity is bought or sold for immediate delivery or delivery in the very near future • Hypernyms: ↑commodity exchange, ↑commodities exchange, ↑commodities market * * * a market in which commodities, as grain, gold, or… …   Useful english dictionary