Market Volitility
Another word for the absolute, or final price.
What is the Flat Price?
A measure of how heavy or light a petroleum liquid is compared to water.
What is the API degree?
Price levels at which market participants are cutting their loss- Market movements are usually exacerbated on these levels.
What are stops?
This UN treaty, signed in 1982, defines the rights and responsibilities of nations with respect to their use of the world's oceans.
What is UNCLOS (United Nations Convention on the Law of the Sea)?
These small, fast naval vessels — often armed with missiles or torpedoes — are used to harass or threaten larger commercial ships in contested waterways.
What are fast attack craft?
A market reference used to facilitate the pricing of related commodities
What is a Benchmark?
What is crude oil with high sulfur content, harder to refine.
What is Sour Crude?
All type of transactions or instruments used to mitigate the impact of price movements.
What is hedging?
Under MARPOL, this type of regulation governs the discharge of oil, sewage, and garbage from ships, protecting the marine environment.
What is maritime pollution prevention / MARPOL Annex regulations?
When a hostile state closes off a port or sea lane to prevent the passage of goods or military supplies, this act of war is called what?
What is a naval blockade?
Price Reporting Agencies (PRA)
Platts, Argus and other famous names in the Baltic
Small, independent, privately-owned oil refineries which make up roughly a quarter of China's total oil processing capacity.
What are Teapots?
They are all kind of derivatives instruments, financial non physical instruments.
What is paper trading?
This mandatory vessel tracking system broadcasts a ship's position, speed, and heading to other vessels and coastal authorities — but can be deliberately switched off to conceal movement.
What is the Automated Identification System (AIS)?
This type of mine is triggered not by direct contact but by a ship's magnetic signature, acoustic noise, or pressure wave — making it especially difficult to detect and sweep.
What is an influence mine?
The short period of time within the day during which PRAs are assessing prices
What is a Window?
The price difference between jet fuel and gasoil (diesel).
What is Regrade?
A repurchase agreement, selling and agreein to buy back
What is a Repo?
Ships transiting the Strait of Hormuz or Strait of Malacca rely on this right of passage, guaranteed under UNCLOS, which cannot be suspended even by the bordering state.
What is transit passage through an international strait?
After a tanker is attacked near a chokepoint, a warship accompanies it through the danger zone. This protection tactic, also used for humanitarian convoys, is known as what?
What is an escort (naval escort or convoy escort)?
The standard intercom term for lifting products in a port with free destination.
A vessel sailing without cargo, usually to reposition or avoid demurrage
Ballast/Go Ballast
Its a measure of the market fever. (extracted from option pricing)
Implied volatility
In a contested region, a tanker's GPS begins showing it in the middle of an airport. This electronic attack technique — used to feed false coordinates to navigation systems — is called what?
What is GPS spoofing (or GNSS spoofing)?
A VLCC carrying 2 million barrels of crude is struck by a weapon that follows a high-arcing flight path and descends nearly vertically — defeating most close-in defense systems. What class of weapon is this?
What is a ballistic missile?