the API

the API
the API UK US noun NATURAL RESOURCES
ABBREVIATION for American Petroleum Institute: a professional organization in the US that represents companies in the oil and natural gas industries: »

The API reported that heating oil stocks grew by 2.4 million barrels last week.


Financial and business terms. 2012.

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  • API gravity — The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water. If its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and… …   Wikipedia

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  • API Gravity —    Universally accepted scale, adopted by the API, to express the specific gravity of oils. It serves as a rough measure of quality. The higher the API gravity number, the richer the yield in premium refined products.    ► See also API …   Financial and business terms

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