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  2. Annual fuel utilization efficiency - Wikipedia

    en.wikipedia.org/wiki/Annual_fuel_utilization...

    The annual fuel utilization efficiency (AFUE; pronounced 'A'-'Few' or 'A'-'F'-'U'-'E') is a thermal efficiency measure of space-heating furnaces and boilers.The AFUE differs from the true 'thermal efficiency' in that it is not a steady-state, peak measure of conversion efficiency, but instead attempts to represent the actual, season-long, average efficiency of that piece of equipment ...

  3. Barrel of oil equivalent - Wikipedia

    en.wikipedia.org/wiki/Barrel_of_oil_equivalent

    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).

  4. Oil heater - Wikipedia

    en.wikipedia.org/wiki/Oil_heater

    An oil heater, also known as an oil-filled heater, oil-filled radiator, or column heater, is a common form of convection heater used in domestic heating. Although filled with oil , it is electrically heated and does not involve burning any oil fuel ; the oil is used as a heat reservoir (buffer).

  5. Cost estimate - Wikipedia

    en.wikipedia.org/wiki/Cost_estimate

    A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...

  6. Lang factor - Wikipedia

    en.wikipedia.org/wiki/Lang_factor

    It is widely used in industrial engineering to calculate the capital and operating costs of a plant. [1] [2] [3] The factors were introduced by H. J. Lang and Dr Micheal Bird in Chemical Engineering magazine in 1947 as a method for estimating the total installation cost for plants and equipment.

  7. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    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 ...

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