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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).
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 ...
oil-based units: gigatonne of oil equivalent: Gtoe Gtoe 1.0 Gtoe (42 EJ) megatonne of oil equivalent: Mtoe Mtoe 1.0 Mtoe (42 PJ) kilotonne of oil equivalent: ktoe ktoe 1.0 ktoe (42 TJ) tonne of oil equivalent: toe toe 1.0 toe (42 GJ) kilo barrel of oil equivalent: kBOE (kbboe) kBOE 1.0 kBOE (6.1 TJ) barrel of oil equivalent: BOE BOE 1.0 BOE (6. ...
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Whereas ExxonMobil reported earnings of $5 per barrel of oil equivalent in 2019, the company has generated earnings of $10 per barrel of oil equivalent in 2024 year to date, excluding the impact ...
Mbod – thousand barrels of oil per day; Mboe – thousand barrels of oil equivalent; Mboed – thousand barrels of oil equivalent per day; MBP – mixed-bed polisher; Mbpd – thousand barrels of oil per day; MBR – minimum bend radius; MBRO – multi-bore restriction orifices; MBT – methylene blue test; MBWH – multi-bowl wellhead
Its production averaged 1.4 million barrels of oil equivalent (BOE/d) during the period, which exceeded the midpoint of its production guidance by 22,000 BOE/d. The company delivered strong output ...
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift toward cleaner energies and forms of transportation ...