Glossary
The following definitions reflect those used by the International Energy Agency (IEA); definitions used by other organisations and publications may vary.
World Energy Outlook (IEA publication)
West Texas Intermediate (crude oil category)
well-to-tank
well-to-wheel
a large-scale mathematical construct designed to replicate how energy markets function and is the principal tool used to generate detailed sector-by-sector and region-by region projections for various scenarios.
watt (1 joule per second)