OEO Ontology

Overview / Open Energy Ontology / Class - Western Texas Intermediate
Label: Western Texas Intermediate

Definition:
Western Texas Intermediate (WTI) is a crude oil that is extracted on US territory and traded at NYMEX New York.

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Definition:
Crude oil is a portion of mater of fossil origin comprising a mixture of hydrocarbons and associated impurities, such as sulphur. It exists in the liquid phase under normal surface temperature and pressure and its physical characteristics (density, viscosity, etc.) are highly variable. This category includes field or lease condensate recovered from associated and non-associated gas where it is commingled with the commercial crude oil stream.