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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 ...
Wheat at 13.5% moisture by weight: 60 lb [7] (27.2155 kg) Soybeans at 13% moisture by weight: 60 lb [ 10 ] (27.2155 kg) Other specific values are defined (and those definitions may vary within different jurisdictions, including from state to state in the United States) for other grains, oilseeds, fruits, vegetables, coal, hair and many other ...
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)
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").
The Weights and Measures Act 1824 (5 Geo. 4. c. 74) declared that, for measures of liquids and unheaped dry volume, a 'quarter' equals eight bushels (64 imperial gallons (290.95 L), where a gallon is defined as a volume of water weight ten troy pounds). [12] The term pail is also used for this unit of dry volume. [13]
It was equal to four chitaks, and hence a quarter of a seer: the equivalent Imperial weight at the time was given as 7 oz. 10 dwt. Troy (233.3 grams). [4] The use of a quarter-seer weight in Ahmedabad had also been noted in a British East India Company survey of South Asian metrology carried out in 1821: the name of the unit was not recorded ...
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).
The pound or pound-mass is a unit of mass used in both the British imperial and United States customary systems of measurement.Various definitions have been used; the most common today is the international avoirdupois pound, which is legally defined as exactly 0.453 592 37 kilograms, and which is divided into 16 avoirdupois ounces. [1]