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Tonne of oil equivalent. 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 ...
Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption.[ 1 ][ 2 ] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [ 3 ] year over year compared to 2021 despite the COVID-19 pandemic. [citation needed] United States. European Union. China.
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).
API gravity. The American Petroleum Institute gravity, or API gravity, is a measure of how heavy or light a petroleum liquid is compared to water: if its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks. API gravity is thus an inverse measure of a petroleum liquid's density relative to ...
A tonne of coal equivalent (tce), sometimes ton of coal equivalent, is a conventional value, based on the amount of energy released by burning one tonne of coal. Plural name is tonnes of coal equivalent. Per the World Coal Association: 1 tonne of coal equivalent (tce) corresponds to 0.697 tonne of oil equivalent (toe) [29]
According to the American Petroleum Institute (API), a standard barrel of oil is the amount of oil that would occupy a volume of exactly 1 barrel (158.99 L) at reference temperature and pressure conditions of 60 °F (15.6 °C) and 14.696 psi (1,013.25 hPa). This standard barrel of oil will occupy a different volume at different pressures and ...
TNT equivalent is a convention for expressing energy, typically used to describe the energy released in an explosion. The ton of TNT is a unit of energy defined by convention to be 4.184 gigajoules (1 gigacalorie), [ 1 ] which is the approximate energy released in the detonation of a metric ton (1,000 kilograms) of TNT.
Combining the amount carried with the distance it was carried, oil tankers moved 11,705 billion metric-ton-miles of oil in 2005. [61] By comparison, in 1970 1.44 billion metric tons of oil were shipped by tanker. [62] This amounted to 34.1% of all seaborne trade for that year. [63] In terms of amount carried and distance carried, oil tankers ...