What is an OHLC Chart? An OHLC chart is a type of bar chart that shows open, high, low, and closing prices for each period. OHLC charts are useful since they show the four major data points over a period, with the closing price being considered the most important by many traders. The chart type
What Is Operating Income Before Depreciation and Amortization (OIBDA)? Operating income before depreciation and amortization (OIBDA) is a measure of financial performance used by companies to show profitability in their core business activities. OIBDA excludes the effects of capital spending on fixed assets, such as equipment, and the interest expense of carrying debt. Sometimes OIBDA
What Is an Original Issue Discount (OID)? An original issue discount (OID) is the discount in price from a bond’s face value at the time a bond or other debt instrument is first issued. Bonds can be issued at a price lower than their face value—known as a discount. The OID is the amount of
What Is an Oil Field? An oil field is a tract of land used for the purpose of extracting petroleum, such as natural gas or crude oil, from the ground. Although some contest the exact origins of oil, most consider petroleum to be a “fossil fuel” created from dead organic material often found in ancient seabeds
What Is the Oil Price to Natural Gas Ratio? As its name suggests, the oil price to natural gas ratio is a ratio in which the price of oil is the numerator and the price of natural gas is the denominator. The purpose of the oil price to natural gas ratio is to capture the
What Is an Oil Refinery? An oil refinery is an industrial plant that transforms, or refines crude oil into various usable petroleum products such as diesel, gasoline, and heating oils like kerosene. Oil refineries essentially serve as the second stage in the crude oil production process following the actual extraction of crude oil up-stream, and
The World’s Largest Oil Reserves By Country Rank Country Oil Reserves (in billions of barrels) 1 Venezuela 303.8 2 Saudi Arabia 297.5 3 Canada 168.1 4 Iran 157.8 5 Iraq 145 6 Russia 107.8 7 Kuwait 101.5 8 United Arab Emirates 97.8 9 United States 68.8 10 Libya 48.4 Source: BP, plc. The Organization of
What Are Oil Sands? Oil sands, or tar sands, are sand and rock material that contain crude bitumen—a dense, viscous form of crude oil. Bitumen is too thick to flow on its own, so extraction methods are necessary. Bitumen is extracted and processed using two methods: mining and in-situ recovery. Oil sands are found primarily in
What Is the Old Lady? The “Old Lady” is an eighteenth-century nickname for the Bank of England. It is a short version of the Old Lady of Threadneedle Street, a reference to the bank’s address in the middle of London. Key Takeaways The Old Lady, or the Old Lady of Threadneedle Street, is a colloquial
What Is the Old-Age and Survivors Insurance (OASI) Trust Fund? The Old-Age and Survivors Insurance Trust Fund (OASI) is a U.S. Treasury account holding the tax receipts that fund Social Security benefits paid to retired workers, their surviving spouses, and eligible children. The fund is managed by the Social Security Administration (SSA), which has the
