well-head n.
水源,源头
- Major oil companies controlled the bulk of the world's petroleum from well-head to service-station pump until OPEC governments nationalized their oil in the 1970s.
- The January crude futures price slipped 33 cents yesterday to Dollars 19.12 a barrel. Opec is stressing that last week's agreement to cut output to 24.58m barrels a day will cover sales to the market and not just well-head production.
- Besides warmer-than-normal temperatures, this year's lower profit reflects softer well-head natural gas prices.
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