Definition of Crude oil losses

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TeachMeFinance.com - explain Crude oil losses



Crude oil losses

The term 'Crude oil losses' as it applies to the area of energy can be defined as ' Represents the volume of crude oil reported by petroleum refineries as being lost in their operations. These losses are due to spills, contamination, fires, etc., as opposed to refining processing losses'.

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Crud
Crude oil
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Next 5 Terms:
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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