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The task of converting a standard barrel of oil to a standard cubic metre of oil is complicated by the fact that the latter is defined by the API to mean the amount of oil that, at different reference conditions (101.325 kPa and 15 °C (59.0 °F)), occupies 1 cubic metre. The fact that the refence conditions are not exactly the same means that ...
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).
The dry quart and dry pint are exactly 15121 / 92400 larger than their liquid counterparts, while the dry barrel is exactly 1 / 33 smaller than the fluid barrel, except for barrels of beer (dry barrels are exactly 5 / 341 smaller) and barrels of oil (dry barrels are exactly 3 / 11 smaller).
According to the Energy Information Administration (EIA), as of March 2022, factors that affect the price of gasoline in the United States include the price of crude oil per barrel, costs and profits related to refining, distribution, and marketing, and taxes, along with the charge set by refiners for gasoline based on based on octane levels, with higher octane levels—premium grade cost ...
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
The quart (symbol: qt) [1] is a unit of volume equal to a quarter of a gallon. Three kinds of quarts are currently used: the liquid quart and dry quart of the US customary system and the imperial quart of the British imperial system. All are roughly equal to one liter. It is divided into two pints or (in the US) four cups. Historically, the ...
Conversions between units in the metric system are defined by their prefixes (for example, 1 kilogram = 1000 grams, 1 milligram = 0.001 grams) and are thus not listed in this article. Exceptions are made if the unit is commonly known by another name (for example, 1 micron = 10 −6 metre).
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...