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The conversion between metric tonnes and barrels depends on the densities and thus the product. 1 US barrel is equivalent to 158.984 litres or 0.158984 cubic metres From the basic formula density= mass/volume, then volume = mass/density 0.158984 = (mass(kgs)/1000(to convert it to metric tonnes))/density Density of Gasoil is approximately 830.0 kg/cubic metre, crude 810.0kg/cubic metre, 750.0 kg/cubic metre. Thus mass/1000= density*158.984 weight correction factor = density - 1.1 Thus for Gasoil, mass/1000 = (830.0-1.1)*0.158984 1 US barrel = 131.782 kgs/1000 = 0.131782 1200 US barrel = 158.1384 metric tonnes This is my guess. Please verify my claims before application. THE NEW YORK MERCANITLE EXCHANGE SPECIFIES A CONVERSION RATE OF 7.45 BARRELS PER METRIC TONNE FOR FINANCIALLY SETTLE GASOIL FUTURES.

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