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The Organization of the Petroleum Exporting Countries or OPEC invested in barrels and warehouses to store oil. OPEC is a consortium of oil producing countries that control 40 per cent of the world's oil production.
100,000 barrels of oil.
1000 barrels
59,140 barrels of oil 0.07% of the worlds oil production
2,000,000 barrels.
mboe/d is millions barrels per day kboe/d is a thousand barrels per day (equivalent) MBOE is thousand barrels of oil equivalent NOT millions barrels of oil MMBOE is million barrels of oil equivalent
Kuwait has about 103 billion barrels of oil reserves.
2.5 Barrels (Oil) = 105 US gallons.
100,000 barrels of oil is about: 4.2 million US gallons.
60,000 Barrels (Oil) = 2,520,000 US Gallons
4,900,000 Barrels (Oil) = 205,800,000 US Gallons
It produces about 850,000 barrels of crude oil per day.