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Oil conversion factor from m³ to bbl (or stb) is 6.28981100; Gas conversion factor from standard m³ to scf is 35.314666721; Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units.
Many drums nominally measure just under 880 millimetres (35 in) tall with a diameter just under 610 millimetres (24 in), and have a common nominal volume of 208 litres (55 US gal) whereas the barrel volume of crude oil is 42 US gallons (159 L). In the United States, 25-US-gallon (95-litre) drums are also in common use and have the same height.
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) (or 1 atm). This standard barrel of oil will occupy a different volume at different ...
Starting in January 2017, gasoline has been limited to an annual average of 10 ppm sulfur, with a maximum of 80 ppm allowed per batch at the refinery gate and up to 95 ppm downstream. [16] At this point, nearly all road and industrial fuels produced in the US have been substantially desulfurized to levels of 15 parts per million or less.
The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
The U.S. Energy Information Administration defines the barrel of oil equivalent as about 6 gigajoules (1.7 megawatt-hours; 5.7 million British thermal units). [1] The value is necessarily approximate as various grades of oil and gas have slightly different heating values.
At recent market prices ($58 a barrel as of March 2021), [6] the SPR holds over $14.6 billion in sweet crude and approximately $18.3 billion in sour crude (assuming a $15/barrel discount for sulfur content). In 2012, the total value of the crude in the SPR was approximately $43.5 billion, while the price paid for the oil was $20.1 billion (an ...
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