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Both the 42-US-gallon (159 L) barrels (based on the old English wine measure), the tierce (159 litres) and the 40-US-gallon (150 L) whiskey barrels were used. Also, 45-US-gallon (170 L) barrels were in common use. The 40 gallon whiskey barrel was the most common size used by early oil producers, since they were readily available at the time.
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).
Wine was shipped in barrels of 119 litres (31 US gal; 26 imp gal). A barrel of oil, defined as 42 US gallons (35 imp gal; 160 L), is still used as a measure of volume for oil, although oil is no longer shipped in barrels. The barrel has also come into use as a generic term for a wooden cask of any size.
The tun (Old English: tunne, Latin: tunellus, Medieval Latin: tunna) is an English unit of liquid volume (not weight), used for measuring wine, [1] oil or honey. Typically a large vat or vessel, most often holding 252 wine gallons, but occasionally other sizes (e.g. 256, 240 and 208 gallons) were also used. [2] The modern tun is about 954 litres.
Gasoline prices are on a downward trend as the seasonal benefits of the shift to fall in the US outweigh elevated crude oil prices. ... sits at $3.58 per gallon, $0.10 less ... levels as today.
The tun (Old English: tunne, Latin: tunellus, Middle Latin: tunna) is an English unit of liquid volume (not weight), used for measuring wine, oil or honey.It is typically a large vat or vessel, most often holding 252 wine gallons, but occasionally other sizes (e.g. 256, 240 and 208 gallons) were also used.
Oil at $150 a barrel is "not outside the realm" of possibilities, says one energy analyst. ... USA TODAY. More problems for the costly F-35 jet: Another just fell from the sky. News.
JPMorgan forecasts Brent slipping from an average of $80 per barrel this year to $73 per barrel in 2025 and $61 in 2026. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X ...