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fixed oil

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
fixed oil
n.
A nonvolatile oil, especially a fatty oil of vegetable origin.
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We also have approximately 75% of our estimated current oil production hedged for the 45-month period from April 2003 through December 20, 2006 based on NYMEX Oil Swap Contracts at fixed oil prices per barrel of $24.
Parallel Petroleum Corporation Announces Additional Oil & Gas Hedges by Business Wire
The Jade Diary," a twenty-minute video, documented the installation of ExxonMobil's Jade platform, the first fixed oil platform off the coast of Equatorial Guinea in Africa.
DWJ Television Wins Five Telly Awards by Business Wire
Warmer weather and costs associated with liquidating fixed oil purchase commitments, as a result of market prices dropping, were primarily responsible for the dilution.
Providence Energy Announces Fiscal Year 1998 Earnings by Business Wire
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