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Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
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 ...
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 ...
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").
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).
It is equal to 10 candareens and is 1 ⁄ 10 of a tael or approximately 3.78 grams. A troy mace is approximately 3.7429 grams. In Hong Kong, one mace is 3.779 936 375 grams. [2] and in Ordinance 22 of 1884, it is 2 ⁄ 15 ounces avoirdupois. In Singapore, one mace (referred to as chee) is 3.779 94 grams. [4]
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).
A long ton, also called the weight ton (W/T), [1] imperial ton, or displacement ton, is equal to: . 2,240 pounds (1,016.0 kilograms; 1.0160 metric tons) exactly 12% more than the 2,000 pounds of the North American short ton, being 20 long hundredweight (112 lb) rather than 20 short hundredweight (100 lb)