spot oil market

基本解释

The Shanghai Petroleum Exchange, a spot market for oil products, is under hectic preparation and may be open around June.
本月底，“上海石油交易所”的网上模拟交易将在浦东开锣，其发展定位锁定在石油产品中远期合约的现货交易上。
The futures trade of crude oil is one of important parts of the international crude oil market, which influences and foretells the development of spot market of crude oil in its unique way.
原油期货贸易是国际原油市场重要的组成部分之一，它以其独特的方式影响和预示着原油现货市场的发展。
Oil pumped in the Gulf of Guinea comes ashore, via the international spot market, in the form of billion-dollar transfers that have made Lagos a regional financial centre.
从几内亚湾开采的石油通过国际现货市场上岸，交易额高达数十亿美元，这使得拉各斯发展成为地区性金融中心。

It means that we have an energy policy so that our economy is not subject to the whims of the spot oil market.
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The spot market is where oil companies buy (relatively) small volumes of oil for short term delivery.
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Why would the price of oil on the spot market be 40% than the cost of production?
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