SECURITIES AND EXCHANGE COMMISSION (SEC)
The regulatory agency that oversees the U.S. capital markets, equivalent to Brazil's Comissão de Valores Mobiliários (CVM).
A volatile liquid that has the power to dissolve another substance without altering the original chemical composition, forming a uniform mixture. SPE - Society of Petroleum Engineers.
An evaluation technique that gives an answer about how a portfolio of assets or securities will behave under different extremes in the variables that influence the portfolio. The purpose of the stress test is to quantify a portfolio's loss if specific adverse market situations should occur.
A type of ship capable of transporting a million barrels of oil (about 130,000 to 150,000 tons), satisfying the conditions for passage through the Suez Canal.
Development which meets the needs of the present generation without the reducing capacity to meet the needs of future generations.
A Contract for the exchange of payment flows between two parties. A traditional type of oil swap consists of a contract in which one party buys for a determined fixed price and sells at a future floating price.