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fixed oil

   Also found in: Dictionary/thesaurus, Medical, Wikipedia, Hutchinson 0.03 sec.
fixed oil [¦fikst ′ȯil]
(materials)
A nonvolatile 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.
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.
Warmer weather and costs associated with liquidating fixed oil purchase commitments, as a result of market prices dropping, were primarily responsible for the dilution.
 
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