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.
Oil is measured in barrels and each barrel contains 42 US gallons of crude oil.
Crude oil is obtained by drilling down into the ground to an oil well. The oil is then pumped out of the ground and put into barrels. The barrels of oil are then sent to a plant where it is processed into different products for consumer use.
Million barrels of oil.
Whole world= 7,383,000 barrels America= 1,500,000 barrels
That's a billion barrels of oil
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.
Assuming 1 metric ton of crude oil ~ 7.33 barrels them 20 metric tons of crude oil ~ 20 x 7.33 barrels =146.60 barrels of crude oil