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This makes the measure important for market analysts. The OPEC Basket, including a mix of light and heavy crude oil products, is heavier than both Brent crude oil, and West Texas Intermediate crude oil. Since January 1, 2017, the OPEC reference basket consists of a weighted average of the following crudes: [1] Saharan Blend (from Algeria)
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 ...
The kilogram (also spelled kilogramme [1]) is the base unit of mass in the International System of Units (SI), having the unit symbol kg. [1] The word "kilogram" is formed from the combination of the metric prefix kilo- (meaning one thousand) and gram ; [ 2 ] it is colloquially shortened to " kilo " (plural "kilos").
Units used to measure mass were: [1] 1 dramme = 3.2 g 1 livre (also known as a pound [2]) (Venetian) = 450 g 1 mina = 1.5 kg 1 royal mine 1.5 kg 1 oka = 0.85331 royal mine = 1.280 kg [1] [2] [3] = 1 stater = 56.32 kg 1 talanton = 150 kg. One cantaro was equal to 44 oke, but the value varied from 112 to 128 lb depending on locality.
An overview of ranges of mass. To help compare different orders of magnitude, the following lists describe various mass levels between 10 −67 kg and 10 52 kg. The least massive thing listed here is a graviton, and the most massive thing is the observable universe.
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).
In Egypt, the monetary oka weighted 1.23536 kg. In Tripolitania, it weighed 1.2208 kg, equal to 2½ artals. The oka was also used as a unit of volume. In Wallachia, it was 1.283 liters of liquid and 1.537 L of grain (dry measure). In Greece, an oka of oil was 1.280 kg, which would have translated to about 1.340 litres (at 0.916 kg/l).
The clear cut definition of light and heavy crude varies because the classification is based more on practical grounds than theoretical. The New York Mercantile Exchange (NYMEX) defines light crude oil for domestic U.S. oil as having an API gravity between 37° API (840 kg/m 3) and 42° API (816 kg/m 3), while it defines light crude oil for non-U.S. oil as being between 32° API (865 kg/m 3 ...