Financial Glossary

A cartel of 13 oil-producing nations that controls about 40% of global crude production and coordinates supply to influence prices.

The profit spread between crude oil input costs and refined petroleum product selling prices at oil refineries.

Operating margin measures how much profit a company generates from operations after paying variable costs but before interest and taxes.

Trading contracts that give you the right to buy or sell stocks at specific prices, offering leverage and hedging opportunities.

A pharmaceutical product developed to treat rare diseases affecting fewer than 200,000 people in the US, receiving special regulatory incentives.