How many litres are there is a barrel?

[tohca]

Read in today's news that oil had reached USD100 /barrel. Am just wondering how many litres are there in each barrel, before and after refining?

[SingaporeEhSai!]

A barrel is 1/6.28981 cubic metre. A litre of any products will depend on the specific gravity. For crude oil, the sg is something like 0.98( again depend on the type of crude and temperature).

[cypaq]

1 barrel = 117.347766 liter so says Google.

[Choon1980]

One barrel of crude oil makes about 19½ gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics.

Taken from here (http://www.gravmag.com/oil.html#dollar).

And a barrel is roughly 42 gallons.

[jasonbhlee]

One barrel of crude oil makes about 19½ gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics.

Taken from here (http://www.gravmag.com/oil.html#dollar).

And a barrel is roughly 42 gallons.


1 barrel of beer is much lesser than that..........

[smoothead]

Understand there are various grades of crude oil and their prices varies.

Question is, what grade is Malaysia importing and at what price as compared to what we are exporting, which I believe is of a higher grade...sweet crude?
If we are importing a better grade, we should not be seeing a lot of smoke from our diesel vehicles...yes...including the higher end vehicles, like the 3 pointed stars ...as lower grade crude contains higher contents of sulfur...anyway, I'm not an expert, so what do I know...

BTW, 1 barrel = approx 159 ltrs

[Choon1980]

1 barrel of beer is much lesser than that..........
And far cheaper than USD100 as well. :)

Seriously though, they don't ship oil in beer barrels.

[cskok8]

A far cheaper than USD100 as well. :)

Seriously though, they don't ship oil in beer barrels.

They don't ship oil in ANY barrels. It is just a unit of measurement.

[Choon1980]

They don't ship oil in ANY barrels. It is just a unit of measurement.
but of course.

[bobkee]

Wow. USD100 a barrel eh? With the potential discovery of new wells in Malaysia (as announced last year), it must be contributing a lot to our national coffers :)

[Choon1980]

Wow. USD100 a barrel eh? With the potential discovery of new wells in Malaysia (as announced last year), it must be contributing a lot to our national coffers :)
Discovering is one thing. Production is another.

Finding 10 billion barrels of oil isn't going to do much good if we can only extract a few hundred barrels a day.

[bobkee]

That may be true but aren't we still a nett producing country?

[Choon1980]

That may be true but aren't we still a nett producing country?
Net producing by a small amount (relatively). We aren't even part of OPEC.

And that amount will be 0 by 2011.

[USJ27Resident]

Wow. USD100 a barrel eh? With the potential discovery of new wells in Malaysia (as announced last year), it must be contributing a lot to our national coffers :)

USD100. is for Middle East oil... Malaysian crude oil is purportedly lighter and thus more expensive than the heavier crude from the Middle East

[Choon1980]

USD100. is for Middle East oil...

Close, but not just Middle East oil (http://news.bbc.co.uk/2/hi/business/904748.stm).

[Boink]

Check here for our tapis blend prices....

http://tonto.eia.doe.gov/dnav/pet/pet_pri_wco_k_w.htm

But also check here and see why the govt is prob pissing in their pants because of their fantastic, lets subsidize everyone political campaign,
http://www.eia.doe.gov/emeu/cabs/Malaysia/pdf.pdf

And to bring the summary to everyone.... Quote, unquote
Exploration and Production
Malaysia’s proven oil reserves have declined in recent years, despite growth in E&P activities. Petronas and its various PSC partners have been most active exploring offshore areas, especially in deepwater zones that pose high operating costs and require substantial technical expertise.Despite several new projects that are set to come onstream in the next several years, EIA forecasts that Malaysia’s oil production will fall to 693,000 bbl/d in 2008, a 13 percent decrease from 2006 levels.

And thats probably why ladies and gentlemen, someone has finally woken up and relaized that we cannot keep subsidising as we are exporting less and less crude, which means the govt revenue is becoming smaller and smaller, as we once were a crude exporter. Who knows, unless you find our in your garden, we are probably going to be a crude nett importer.