Sentences with phrase «oil at a certain price»

The contract is an agreement, or promise, for the buyer to purchase oil at a certain price in the future (the spot price) at a certain date in the future (the contract's maturity) from the seller.

Not exact matches

The distribution follows the final settlement of the sale of Aspen's California oil and gas assets to Venoco, Inc., at which the parties made a number of immaterial adjustments to the purchase price paid at the June 30, 2009 closing, and made certain other payments that were not determined until after the closing.

We need more than a coordinated research program which considers geoengineering — we need a coordinated, interdisciplinary research program on energy futures that goes beyond what is «possible» at a certain oil price.

For instance, an investor can buy a future for a commodity like oil betting that its price goes up at a certain point in time.