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A barrel of crude oil at 3.349 per gallon is 140.66 per barrel.

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15y ago

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What dose bbl mean in oil industry?

It stands for barrel, but originally it stood for blue barrel, because the first mass-produced 42-gallon barrels for shipping oil were blue.


Bbl in oil?

You will have to edit your question to add more detail to it. "Bbl in oil" isn't really asking anything, so it can't be answered until we know what you are asking.


What Does BBL Stand for in oil websites?

It is an abbreviation for oil barrel which equates to 42 gallons.


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Why bbl for barrel?

In the early 1860's, when oil production began, there was no standard container for oil, so oil and petroleum products were stored and transported in barrels of all different shapes and sizes (beer barrels, fish barrels, molasses barrels, turpentine barrels, etc.). By the early 1870's, the 42-gallon barrel had been adopted as the standard for oil trade. This was 2 gallons per barrel more than the 40-gallon standard used by many other industries at the time. The extra 2 gallons was to allow for evaporation and leaking during tranport (most barrels were made of wood). Standard Oil began manufacturing 42 gallon barrels that were blue to be used for transporting petroleum. The use of a blue barrel, abbreviated "bbl," guaranteed a buyer that this was a 42-gallon barrel.found this on seekingalpha.com


How much it costs to convert crude oil to petrol?

In a simple illustration, let's assume an oil company is paying $100 for a barrel (42 gallons) of basic crude oil. Their cost for a gallon will be about $2.38. At a gasoline-pump price of $4.00 per gallon. so, result comes as cost of converting one gallon crude oil is $1.62 (4.00-2.38=1.62).


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How much did oil cost in the 1930's?

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Is there any oil refining factory in the UAE?

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