Term Gallery logo

Meanings of cost of petroleum in English

Russian
цены на нефть
Portuguese
aumentos do preço do petróleo desde 2004
Spanish
subida del precio del petróleo desde 2004

Generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil.

      Related terms
      цены на нефть
      Usage of cost of petroleum in English
      1
      The question, he says, is "how to hedge your bet," both against the rising cost of petroleum as well as a disruption in supply.
      Wired
      2
      The aviation industry's suggestion that biofuels will rescue it from the rising costs of petroleum and the carbon-emissions problem was equivalent to greenwashing, he said.
      The Guardian