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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).
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.
In the petroleum industry - a barrel of oil is defined as 42 US gallons. Use. The casks were roughly 20.5 inches across and were built to hold either liquids ...
West Texas Intermediate crude oil dipped 1% to $71.03 a barrel. Brent crude , the international benchmark, was lower by 1.01% to $75.27 a barrel. Gold slid 0.59% to $2,732.47 an ounce.
West Texas Intermediate crude oil was up 1.88% to $69.98 a barrel. Brent crude , the international benchmark, was higher by 1.56% to $74.20 a barrel. Gold was higher by 0.16% to $2,734.50 an ounce.
West Texas Intermediate crude oil decreased 0.10% to $71.09 a barrel. Brent crude , the international benchmark, dropped 0.39% to $74.59 a barrel. Gold was up 1.17% to $2,645.30 an ounce.
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... It realized an average of $54.83 per barrel of oil equivalent ... making it a top oil stock to consider holding.
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 ...