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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.

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Related Questions

How many barrels of oil from one lot of oil?

1000 barrels


How many barrels of oil is 4200000 gallons?

100,000 barrels of oil.


How many barrels of oil does Pakistan produce?

59,140 barrels of oil 0.07% of the worlds oil production


How many barrels of oil does a typical oil tanker hold?

2,000,000 barrels.


How many barrels are in Kuwait's oil reserve?

Kuwait has about 103 billion barrels of oil reserves.


2.5 barrels of oil equals gallons?

2.5 Barrels (Oil) = 105 US gallons.


How many gallons are in 60000 barrels of oil?

60,000 Barrels (Oil) = 2,520,000 US Gallons


What is100000 barrels of oil in gallons?

100,000 barrels of oil is about: 4.2 million US gallons.


How many gallon are in 4.9million barrels of oil?

4,900,000 Barrels (Oil) = 205,800,000 US Gallons


What is the difference between mboe d and kboe d in the oil industry?

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


How many barrels of oil are produced in Mexico each day?

It produces about 850,000 barrels of crude oil per day.


How do you convert 12 litters to barrels?

To convert liters to barrels, you need to know the specific barrel size being used, as there are different types (e.g., oil barrels, wine barrels). A standard oil barrel is approximately 159 liters. To convert 12 liters to oil barrels, divide 12 by 159, which equals about 0.075 barrels. Therefore, 12 liters is roughly 0.075 oil barrels.