Definition of Supply, petroleum

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TeachMeFinance.com - explain Supply, petroleum



Supply, petroleum

The term 'Supply, petroleum' as it applies to the area of energy can be defined as ' A set of categories used to account for how crude oil and petroleum products are transferred, distributed, or placed into the supply stream. The categories include field production, refinery production, and imports. Net receipts are also included on a Petroleum Administration for Defense(PAD) District basis to account for shipments of crude oil and petroleum products across districts'.

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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".


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