TeachMeFinance.com - explain Petroleum stocks, primary
Petroleum stocks, primary The term 'Petroleum stocks, primary' as it applies to the area of energy can be defined as ' For individual products, quantities that are held at refineries, in pipelines and at bulk terminals that have a capacity of 50,000 barrels or more, or that are in transit thereto. Stocks held by product retailers and resellers, as well as tertiary stocks held at the point of consumption, are excluded. Stocks of individual products held at gas processing plants are excluded from individual product estimates but are included in other oils estimates and total'.
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