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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).
1 is a required parameter, which specifies the number of oil barrels to be converted to tonnes (metric tons). Please do not format this parameter; i.e., use 1234 instead of 1,234. API is the API gravity factor. The default value is 33.4, corresponding to a density of 858.1 kg/m³ or 7.330 bbl/t at 60 °F.
US dry barrel: 7,056 cubic inches (115.6 litres; 3.3 US bushels) . Defined as length of stave 28 + 1 ⁄ 2 in (72 cm), diameter of head 17 + 1 ⁄ 8 in (43 cm), distance between heads 26 in (66 cm), circumference of bulge 64 in (160 cm) outside measurement; representing as nearly as possible 7,056 cubic inches; and the thickness of staves not greater than 4 ⁄ 10 in (10 mm) [2] (diameter ≈ ...
Russian refining runs rose by 2%, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources. It was also up 1.2% from the average ...
In the oil industry, quantities of crude oil are often measured in metric tons. One can calculate the approximate number of barrels per metric ton for a given crude oil based on its API gravity: barrels of crude oil per metric ton = API gravity + 131.5 141.5 × 0.159 {\displaystyle {\text{barrels of crude oil per metric ton}}={\frac {{\text{API ...
Bad weather and crop failure sent the price of the bean soaring to record highs in 2024. ... briefly reaching a record of nearly $13,000 per metric ton on the international exchange in December ...
The tonne of oil equivalent (toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil.It is approximately 42 gigajoules or 11.630 megawatt-hours, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist.
Escalating tensions abroad could push oil prices to roughly $90 per barrel, according to one analyst. Prices weren't too far from those levels on Monday, as Brent hovered above $86 per barrel ...