This Glossary is a non-exhaustive list of the key terms used in commodities trading.
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SAF

SAF

Sustainable Aviation Fuel clean substitute for fossil jet fuels Power-to-Liquids (PtL) and Sun-to-Liquids (StL) produced from sustainable feedstockswaste oils from... View Article


Supercycle

A rise in prices, lasting many years and encompassing many commodities – significantly above the long-term trend. Historically, long-term increases... View Article


TEU

Twenty foot container equivalent units


Thermal coal

Thermal coal is burnt in power stations to generate electricity, a process that is responsible for about 30 per cent... View Article


Transition Fuel

A low-carbon fuel (LNG, natural gas and LPG) whose application emit less CO2, bridging between more polluting fossil fuels (coal... View Article


UGS

US Gallons


UQC

Unique Quantity Code