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This is much in the news and seems to increase every week. At present about $135 per barrel

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17y ago

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What is the cost of oil?

The cost of crude oil would be about $108.50.


How much did a barrel of crude oil cost in July 2008?

$128.08 per barrel in July 2008.


How much crude oil do you produce and import?

I personally produce or import no crude oil


How much did it cost to refine a barrel of crude oil into gas in 1956?

In 1956, the cost to refine a barrel of crude oil into gasoline was approximately $0.50 to $0.70. This cost could vary based on factors like the efficiency of the refinery and the price of crude oil at the time. Overall, refining costs were significantly lower than today's expenses, reflecting the technological and economic changes that have occurred in the oil industry since then.


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).


How much is a barrel of gas oil?

Crude oil is crude oil, there is no such thing as gas oil. Gasoline is refined from crude oil. 1 barrel of Benchmark crude oil for May delivery is currently $48.20 as of 3/31/09.


Why is heavy crude oil cheaper then light crude oil?

Heavy crude oil is typically cheaper than light crude oil because it requires more processing to remove impurities and make it usable. This additional processing increases the overall cost of production, which is then reflected in the price of heavy crude oil compared to light crude oil. Additionally, heavy crude oil tends to have higher sulphur content, which can further increase the cost of refining.


One barrel petrol how much cost in rupees?

one barrel of crude oil costs arount 1600 rs..


How much does oil cost per oz?

The answer will depend on what kind of oil: crude oil, cooking oil, essential oil. My guess is that the prices will differ by at least three orders of magnitude (a factor of a thousand).


What consequences if you drink crude oil?

If you drink crude oil you will likely get diarrhea. Depending on the source of the crude and how much you drink you may experience other gastrointestinal problems. Drinking crude oil is NOT a good idea.


What did a barrel of oil cost in 1999?

The average cost for a barrel of crude oil in 1999 was: $16.56 (about $21.67 in 2010 dollars).


Cost of a barrel of crude oil in 1975?

In 1975, the average cost of a barrel of crude oil was approximately $11.65. This period followed the 1973 oil crisis, which had significantly increased oil prices. The market was characterized by fluctuations due to geopolitical tensions and changing demand dynamics. Overall, oil prices in the mid-1970s were much lower than those seen in later decades.