Andrei Posted 21 years ago
Grammar
Differential
0 Brent blend is a light, sweet North Sea crude oil that serves as a benchmark grade and widely trades as a differential to the New York Mercantile Exchange, Inc. bellwether light, sweet crude oil futures contract. 02 br
02 br
00 Brent blend production runs approximately 500,000 barrels a day. Most is refined in Northwest Europe, but significant volumes move to the U.S. Gulf and East Coasts and to the Mediterranean. Brent is shipped from Sullom Voe in the Shetland Islands. The producing companies trade most of the volume on a spot basis with virtually no formal term contracts. 02 br
02 br
00 To facilitate efficient, liquid, and cost-effective trading of Brent crude and the Brent/light, sweet crude futures spread, the New York Mercantile Exchange will provide a Brent crude oil futures contract. The contract will trade in the open outcry crude oil futures trading ring on the floor of the Exchange and after-hours on the NYMEX ACCESS® electronic trading system. 02 br
05 0 00 02 br
00 --------------------------------------------------------------------------------- 02 br
02 br
02 br
00 Does the word differential is sensible in the first sentence of the above? 02 br
02 br
00 In mathematics, we learn differential equations. The same goes in physics too. We say differential amplifier. 02 br
02 br
00 I can't fathom the meaning of the word differential in this context. 0240href http://www.nymex.com/jsp/markets/bco_pre_agree.jsp
02 br
00 Brent blend production runs approximately 500,000 barrels a day. Most is refined in Northwest Europe, but significant volumes move to the U.S. Gulf and East Coasts and to the Mediterranean. Brent is shipped from Sullom Voe in the Shetland Islands. The producing companies trade most of the volume on a spot basis with virtually no formal term contracts. 02 br
02 br
00 To facilitate efficient, liquid, and cost-effective trading of Brent crude and the Brent/light, sweet crude futures spread, the New York Mercantile Exchange will provide a Brent crude oil futures contract. The contract will trade in the open outcry crude oil futures trading ring on the floor of the Exchange and after-hours on the NYMEX ACCESS® electronic trading system. 02 br
05 0 00 02 br
00 --------------------------------------------------------------------------------- 02 br
02 br
02 br
00 Does the word differential is sensible in the first sentence of the above? 02 br
02 br
00 In mathematics, we learn differential equations. The same goes in physics too. We say differential amplifier. 02 br
02 br
00 I can't fathom the meaning of the word differential in this context. 0240href http://www.nymex.com/jsp/markets/bco_pre_agree.jsp
Top answer
0 I found the definition, Andrei,but I still don't understand what they're talking about-- international investments are not my forte: 02 br 02 br 00 'Differential: The amount of adjustment of the delivery location and grade of deliverables that a futures contract permits. " ' 02 br 02 br 0-
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
0
0 I found the definition, Andrei,but I still don't understand what they're talking about-- international investments are not my forte: 02 br
02 br
00 'Differential: The amount of adjustment of the delivery location and grade of deliverables that a futures contract permits. Also known as "allowance." ' 02 br
02 br
0-
02 br
00 'Differential: The amount of adjustment of the delivery location and grade of deliverables that a futures contract permits. Also known as "allowance." ' 02 br
02 br
0-
0