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TeachMeFinance.com - explain Exchange, petroleum Exchange, petroleum The term 'Exchange, petroleum' as it applies to the area of energy can be defined as ' A type of energy exchange in which quantities of crude oil or any petroleum product(s) are received or given up in return for other crude oil or petroleum products. It includes reciprocal sales and purchases'. Previous 5 Terms: Excessive Heat Watch Exchange agreement Exchange capacity Exchange, electricity Exchange, natural gas Next 5 Terms: Exchange, power EXCLD Exclusion area Exclusions (Medicare) Exclusive flood control capacity About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.