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Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
Petroleum transport is the transportation of petroleum and derivatives such as gasoline . [1] Petroleum products are transported via rail cars, trucks, tanker vessels, and pipeline networks. The method used to move the petroleum products depends on the volume that is being moved and its destination.
Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units. The standard temperature for metric measurement is 15 degrees Celsius (i.e. 59 degrees Fahrenheit) while for English measurement the standard temperature is 60 °F.
The price difference persisted, however, and was large enough that some oil producers in North Dakota put their oil on tanker cars, and shipped it by rail to the Gulf and East Coast, where it received Brent prices. [32] Brent continued to trade $10–20 higher than WTI for two years, until June 2013. [33]
They include very large and ultra-large crude carriers (VLCCs and ULCCs – see above) with capacities over 250,000 DWT. These ships can transport 2,000,000 barrels (320,000 m 3) of oil/318,000 metric tons. [43] By way of comparison, the United Kingdom consumed about 1.6 million barrels (250,000 m 3) of oil per day in 2009. [45]
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Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
After three long years of drastic hikes, the cost of rent is finally slowing down in Tampa Bay. Since this time last year, the average rent in Tampa Bay has risen only 4.3%, according to a Tampa ...
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