Petroleum Products Stocks List
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Symbol | Grade | Name | Weight | |
---|---|---|---|---|
PFXF | B | Market Vectors Preferred Securities ex Financials ETF | 5.42 | |
CVAR | A | Cultivar ETF | 4.38 | |
HJEN | D | Direxion Hydrogen ETF | 4.25 | |
EIPX | A | FT Energy Income Partners Strategy ETF | 3.95 | |
MDIV | A | First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund | 3.59 |
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- Petroleum Products
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure chemical compounds, petroleum products are complex mixtures. The majority of petroleum is converted to petroleum products, which includes several classes of fuels. According to the composition of the crude oil and depending on the demands of the market, refineries can produce different shares of petroleum products. The largest share of oil products is used as "energy carriers", i.e. various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils. Heavier fractions can also be used to produce asphalt, tar, paraffin wax, lubricating and other heavy oils. Refineries also produce other chemicals, some of which are used in chemical processes to produce plastics and other useful materials.
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