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At an oil refinery, production is sometimes reported as barrels per calendar day (b/cd or bcd), which is total production in a year divided by the days in that year. Likewise, barrels per stream day (BSD or BPSD) is the quantity of oil product produced by a single refining unit during continuous operation for 24 hours. [a]
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).
MMbod – million barrels of oil per day; MMboe – million barrels of oil equivalent; MMboed – million barrels of oil equivalent per day; MMbpd – million barrels per day; MMcf – million cubic feet (of natural gas) MMcfe – million cubic feet (of natural gas equivalent) MMcfge – million cubic feet (of natural gas equivalent)
Oil conversion factor from m³ to bbl (or stb) is 6.28981100; Gas conversion factor from standard m³ to scf is 35.314666721; 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.
BBL/D—Barrel per day; BBL/SD—Barrel per day, on stream days; BBL—barrel (42 gallons) —Balgzand Bacton Line (BBL Pipeline) BCD—Barrel per day, on calendar days; BCF—billion cubic feet; BCP—Blackstart Capability Plan; BES—Bulk electric system (Electricity transmission) BESS—Battery Energy Storage System; BfP—Bureau Fédéral ...
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 ...
Stack Tank Oil (STO) density (or API) may also be used by regulatory bodies to classify oil and oil products. Other properties such as Molecular Weight , saturated aromatic resin and asphaltene (SARA), refractive index , wax appearance temperature, asphaltene precipitation, and acid number , are also specified at Stock Tank conditions. [ 1 ]
Known oil reserves are typically estimated at 190 km 3 (1.2 trillion (short scale) barrels) without oil sands, [91] or 595 km 3 (3.74 trillion barrels) with oil sands. [92] Consumption is currently around 84 million barrels (13.4 × 10 ^ 6 m 3 ) per day, or 4.9 km 3 per year, yielding a remaining oil supply of only about 120 years, if current ...