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This is a list of prices of chemical elements. Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium.
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).
While past production in the late 1990s and early 2000s was as high as 4,700 barrels per day, as of June 2020, the USEIA reported oil production in Morocco at 160 barrels a day. [6] This same report shows that natural gas reserves are below consumption levels, and thus, Morocco imports much of its natural gas.
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 ...
In 2008, Australia's oil shale resource was estimated at 4.531 billion metric tons of oil shale equal to 31.7 billion barrels (5.04 × 10 9 cubic metres) of shale oil, of which about 24 billion barrels (3.8 billion cubic metres) is recoverable. [15]
Escalating tensions abroad could push oil prices to roughly $90 per barrel, according to one analyst. Prices weren't too far from those levels on Monday, as Brent hovered above $86 per barrel ...
The RAND Corporation assumes that the development of 100,000 barrels per day (16,000 m 3 /d) processing plant in the United States will take 12 years, while to achieve the level of 1 million barrels per day (160 × 10 ^ 3 m 3 /d) will take at least 20 years and 3 million barrels per day (480 × 10 ^ 3 m 3 /d) around 30 years.
Morocco is a fairly stable economy with continuous growth over the past half-century. Current GDP per capita grew 47% in the 1960s, reaching a peak growth of 274% in the 1970s. However, this proved unsustainable and growth scaled back sharply to just 8.2% in the 1980s and 8.9% in the 1990s. [28]