Glossary

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Light Crude oil

Energy Term

Light crude oil is a type of crude oil that has a low density and low viscosity. It is also known as sweet crude oil because of its low sulfur content, which results in a less pungent smell than other types of crude oil.

Light crude oil is used in the energy industry for various purposes. One of the most common uses is as a feedstock for refining to produce gasoline, diesel, jet fuel, and other forms of transportation fuel. Refineries can process light crude oil more efficiently and with less energy than heavy crude oil, which means that the production costs for refined products from light crude oil are usually lower.

In addition to transportation fuels, light crude oil is also used to produce a range of other products. These include plastics, synthetic fibers, lubricants, and asphalt for building roads. It can also be used as a fuel for electricity generation, especially in countries such as Saudi Arabia, where there are large reserves of light crude oil.

Overall, light crude oil is a valuable resource in the energy industry due to its high quality and versatility. Its low sulfur content and low density make it an attractive feedstock for refining, while its use in a variety of other applications makes it an important driver of economic growth and development.

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Labor force participation rate
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Economy Term Letter: L
Large Deductible Policy
An insurance policy where the customer assumes at least $25,000 or more of each loss. Typically, the insurer is responsible for paying the entire loss under those policies and then seeks reimbursement from the insured for the deductible amount.

Insurance Term Letter: L
Laws
means all federal, state, provincial, regional, territorial, local and other laws, statutes, ordinances, regulations, rules, executive orders, and other official releases of or by any government, or any authority, department or agency thereof, in any jurisdiction in which the Services are provided or received, including the United States Securities and Exchange Commission and the Public Company Ac

Economy Term Letter: L
LDL
Low-density lipoprotein.

Health Care Term Letter: L
Leach Stockpiles
A quantity of leachable ore placed on a leach pad or in another suitable location that permits leaching and collection of solutions that contain solubilized metal. Iron & Steel Industry Operating Statistics

Manufacturing Term Letter: L
Leaching
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Manufacturing Term Letter: L
Lead
A heavy, soft, malleable, ductile but inelastic bluish-white metallic element found mostly in combination with zinc and used in pipes, cable sheaths, batteries, solder, type metal, and shields against radioactivity.

Manufacturing Term Letter: L
Lead Concentrate
Product of the flotation process which separates the lead and other minerals from the ore to form a concentrate with a lead content typically ranging between 50% to 60%.

Manufacturing Term Letter: L
Leased Department Retail
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Economy Term Letter: L
LED Light Emitting Diode
Light Emitting Diode. A semiconductor device which converts electricity into light.

Manufacturing Term Letter: L
Leucopenia
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Health Care Term Letter: L
Leverage Adjusted Duration
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Financial Term Letter: L

More in this Category

Ammonia
Ammonia is a direct application fertilizer and is primarily used as a building block for other nitrogen products for industrial applications and finished fertilizer products.

Energy Term
Asphaltene
A tar-like component of petroleum that can foul oilfield equipment and pipelines, reducing flow and productivity.

Energy Term
Barrel
Barrel, which is equal to 42 U.S. gallons and is a common measure of volume of crude oil and other liquid hydrocarbons.

Energy Term
Bbl
Barrel, which is equal to 42 U.S. gallons and is a common measure of volume of crude oil and other liquid hydrocarbons.

Energy Term
Bcf
Billion cubic feet Cubic foot is a common unit of gas measurement. One standard cubic foot equals the volume of gas in one cubic foot measured at standard conditions - a temperature of 60 degrees Fahrenheit and a pressure of 30 inches of mercury (approximately 14.7 pounds per square inch).

Energy Term
Bcfe
Billion cubic feet of gas equivalent Oil and NGL volumes are converted to natural gas equivalents. Cubic foot is a common unit of gas measurement. One standard cubic foot equals the volume of gas in one cubic foot measured at standard conditions - a temperature of 60 degrees Fahrenheit and a pressure of 30 inches of mercury (approximately 14.7 pounds per square inch).

Energy Term
Blendstocks
Various compounds that are combined with gasoline or diesel from the crude oil refining process to make finished gasoline and diesel fuel; these may include natural gasoline, fluid catalytic cracking unit or FCCU gasoline, ethanol, reformate or butane, among others.

Energy Term
BOE
Barrels of oil equivalent, Oil and NGL volumes are converted to natural gas equivalents using the ratio of one barrel of crude oil, condensate or NGL to 6,000 cubic feet of natural gas. Barrel which is equal to 42 U.S. gallons and is a common measure of volume of crude oil and other liquid hydrocarbons.

Energy Term
Bpd
Abbreviation for barrels per day.

Energy Term
Btu
One British thermal unit - a measure of the amount of energy required to raise the temperature of a one-pound mass of water one degree Fahrenheit at sea level.

Energy Term
Bulk Sales
Volume sales through third party pipelines, in contrast to tanker truck quantity sales.

Energy Term
Capacity Oil and Gas Operations Industry
Capacity is defined as the throughput a process unit is capable of sustaining, either on a calendar or stream day basis. The throughput may be expressed in terms of maximum sustainable, nameplate or economic capacity. The maximum sustainable or nameplate capacities may not be the most economical. The economic capacity is the throughput that generally provides the greatest economic benefit based on

Energy Term