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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).
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 ...
Although Egypt is not a member of OPEC, it is a member of the Organization of Arab Petroleum Exporting Countries. [2] As of 2005, Egypt's proven oil reserves were estimated at 3.7 billion bbl (590 million m 3), of which 2.9 billion bbl (460 million m 3) was crude oil and 0.8 billion bbl (130 million m 3) were natural gas liquids. [2]
Data from 1861–1944 is available on this page of annual average US domestic crude oil first purchase prices from 1859–2007. The chart leaves off 1859–1860 data. I am not sure why, but I imagine it's because it's disproportionately expensive: $16.00 in 1859 and $9.59 1860, both in the currency of the day, ridiculously expensive in today's ...
"I think you need to see crude oil prices at $100 to $110 per barrel with gasoline prices rising to $4.00 to $4.25 per gallon to have the consumer change their driving habits resulting in demand ...
This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]
{{Convert}} uses unit-codes, which are similar to, but not necessarily exactly the same as, the usual written abbreviation for a given unit. These unit-codes are displayed in column 3 of the following tables. These are accepted as input by {{convert}} as the second and third unnamed parameters: {{convert|100|kg|lb}} → 100 kilograms (220 lb)