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Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum products.
I have heard that the Crack spread today is about $00 ... The 321 is defined as 3 oil - 2 gasoline - 1 fuel oil, when it should be 3 oil - 2 gasoline - 1 heating oil ...
Spread trade. In finance, a spread trade (also known as relative value trade) is the simultaneous purchase of one security and sale of a related security, called legs, as a unit. Spread trades are usually executed with options or futures contracts as the legs, but other securities are sometimes used. They are executed to yield an overall net ...
The crack epidemic was a surge of crack cocaine use in major cities across the United States throughout the entirety of the 1980s and the early 1990s. [1] [2] This resulted in a number of social consequences, such as increasing crime and violence in American inner city neighborhoods, a resulting backlash in the form of tough on crime policies ...
The plant follows a 10-5-3-2 crack spread, meaning that for ten barrels of crude feedstock, the refinery produces five barrels of gasoline, three barrels of distillate, and two barrels of fuel oil. About one hundred miles (160 km) north of Seattle, the Ferndale Refinery was the first of five refineries in Washington.
Lotus 1-2-3. Lotus 1-2-3 is a discontinued spreadsheet program from Lotus Software (later part of IBM ). It was the first killer application of the IBM PC, was hugely popular in the 1980s, and significantly contributed to the success of IBM PC-compatibles in the business market. [1]
The first article, by Katz, developed a different picture of the origins of the crack trade than Dark Alliance had described, with more gangs and smugglers participating. The second article, by McManus, was the longest of the series, and dealt with the role of the Contras in the drug trade and CIA knowledge of drug activities by the Contras. [27]
A sudden crash in global gasoline prices in the past two weeks has dented refiners' profits, pushing up inventories in key trading hubs around the world while looming exports from China and India ...