There is no connection between the two. Crude oil is used to make fuels. kWh is a method to measure electric consumption.
In today's world, with "green" technology the number of gallons of fuel oil per kWh is increasing dramatically. This is because fossil fuel plants now run to provide backup power for these green systems. This power is not used, but the fuel is still burned. Net result is more fuel consumption, not less. Green is not nearly green, compared to the old fossil fuels.
The cost of oil in terms of kWh will depend on the efficiency of the oil-burning system. On average, one gallon of heating oil contains about 36.4 kWh of energy. To calculate the cost of oil in terms of kWh, divide the cost of a gallon of oil by 36.4.
The cost of crude oil would be about $108.50.
That number changes based on the current cost of oil (daily) - to find the answer convert as:Current price of crude oil per barrel / 563.107 = cost per Kilowatt hour.Based on US Energy department figures for: 1 barrel of oil equivalent = 5.80 MBtu and 10,300 Btu per kWh for current thermal conversion efficiencies of 33% and 32% of US power plants.
This is much in the news and seems to increase every week. At present about $135 per barrel
~USD 0.05/kWh. TT is an oil-producing country, so energy there is *way* cheaper than in other Caribbean countries. These have a kWh ranging from USD 0.20 - 0.37.
$128.08 per barrel in July 2008.
I personally produce or import no crude oil
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).
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.
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 of crude oil costs arount 1600 rs..
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).