oilderivative

noun
UK /ˈɔɪl dɪˌrɪvətɪv/
US /ˈɔɪl dɪˌrɪvətɪv/

A thing made from oil.

Plastic is an oilderivative that we use to make toys and bottles.

SYNONYMS

petroleum productoil-based productpetrochemicaloil byproduct

RELATED WORDS

petroleumrefinerycrude oilhydrocarbonfuel

OTHER MEANINGS

2. A chemical substance produced from petroleum.

The factory makes oilderivatives like solvents and lubricants.

3. A financial product whose value comes from oil prices.

Traders bought oilderivatives to protect against price changes.

4. Something that comes from or is based on oil.

Gasoline is a common oilderivative used in cars.