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Reformulated Blendstock for Oxygenate Blending (RBOB) is a gasoline futures contract traded on the New York Mercantile Exchange (NYMEX). It is the benchmark futures contract for wholesale gasoline in the United States.
Commodity [2] [3] Contract size Currency Main exchange Symbol Class III Milk: 200,000 lb: USD ($): Chicago Mercantile Exchange: DC Cash-settled Butter: 20,000 lb (~9 metric tons)
The open outcry NYMEX pit traders had always been against electronic trading because it threatened their income and their lifestyle. The executives at NYMEX felt that electronic trading was the only way to keep the exchange competitive. NYMEX teamed up with the Chicago Mercantile Exchange to use Globex in 2006. The trading pits emptied out as ...
Gasoline (reformulated gasoline blendstock for oxygen blending or RBOB) is traded through NYMEX via trading symbol RB. Propane is traded through NYMEX, a subsidiary of Intercontinental Exchange since early 2013, via trading symbol PN. Natural gas is traded through NYMEX in units of 10,000 million BTU with the trading symbol of NG.
One North End Avenue, also known as the New York Mercantile Exchange Building, is an office building and the only non-tower financial building in Brookfield Place (World Financial Center) in Lower Manhattan, New York City.
Energy portal; Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil and petroleum products extracted from it. . The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum produc
In a futures contract where the underlying is a physical object, such as grain or oil, the price of the futures contract is quoted assuming delivery of that physical object to a specific physical location in the world. [1]
RBOB—reformulated gasoline blendstock for oxygenate blending; RC—Reliability Coordinator; RCIS—Reliability Coordinator Information System; RCRA—Resource Conservation and Recovery Act (US) RDF—refuse derived fuel (electricity) REA—Rural Electrification Administration (US) REC—Renewable energy credit (US)