What is the cost per bbl of oil at 3.349 per gallon?
A barrel of crude oil at 3.349 per gallon is 140.66 per barrel.
a barrel of oil is 42 gallons, a gallon of oil averages 7.67 lbs in weight so a barrel weighs on average 322 lbs or 147 kg 1000 kg = 1 metric ton so 500,000 bbl of oil should weigh in the vicinity of 73,500 metric tons **fuel oil weights are based on API gravities and vary between 6 lbs/gallon and 9 lbs/gallon typically
Libya produces roughly 2% of the world's oil. According to the CIA world factbook 2009 stats, Libya produces 1,790,000 bbl /day (barrels per day) making Libya the #18 oil producing country in the world. This is 2.49% of the 71,959,000 bbl/day of oil produced by the top 20 oil producing countries and 2.05% of the 87,125,145 bbl/day of oil produced by the top 100 oil producing countries.
The following is a list of oil refineries in the United Arab Emirates: Al-Ruwais Refinery (Abu Dhabi Oil Refining Company), 280,000 bbl/d (45,000 m3/d) Umm Al-Narr Refinery (Abu Dhabi Oil Refining Company), 90,000 bbl/d (14,000 m3/d) Jebel Ali Refinery (ENOC), 120,000 bbl/d (19,000 m3/d) Hamriyah Sharjah Refinery (Sharjah Oil), 71,300 bbl/d (11,340 m3/d) Another oil refinery is planned in Fujairah.
#1 Saudi Arabia (8,900,000 bbl/day) #2 Russia (5,080,000 bbl.day) #3 United Arab Emirates (2,540,000 bbl/day) #4 Iran (2,520,000 bbl/day) #5 Norway (2,500,000 bbl/day) #6 Canada (2,274,000 bbl/day) #7 Mexico (2,268,000 bbl/day) #8 Venezuela (2,203,000 bbl/day) #9 Kuwait (2,200,000 bbl/day) #10 Nigeria (2,141,000 bbl/day) The above statistics are from between 2004 and 2007. These values may currently be inaccurate due to the dates at which they were recorded.
Water is heavier An oil molecule is heavier than a water molecule. But a gallon of water is heavier than a gallon of oil because water is denser, meaning the molecules are closer together. Therefore, there are more molecules in a gallon of water than in a gallon of oil, making it heavier. If you have ever tried an experiment with water and oil, the oil will always be on the top because it is…