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Terms Beginning with B
                       
                       
 Backlog   Basis Point   Billed Business Credit Card  
 Balance of payments   Basis-Only Swap   Bioavailability  
 Balance on current account   Bauxite   Biologic Products  
 Balance on goods and services   Bayer Process   Biomarker  
 Balance Sheet   Bbl   Blast Hole Open Stoping  
 Balloon Angioplasty   Bcf   Blasting  
 Barrel   Bcfe   Blendstocks  
 Basic Cards-In-Force   Beneficial Interest   Blister Copper  
 Basic Net EPS   Beneficiation   Block Cave  
 Basis   Beta   BOE  
                 
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Barrel

Energy Term


A barrel, also known as a drum, is a cylindrical container typically made of steel, plastic, or wood. In the energy industry, a barrel is a unit of measurement that is used to quantify the volume of crude oil, refined petroleum products, and natural gas liquids, among other substances. The standard size of a barrel used in the industry is 42 US gallons or approximately 159 liters.

Barrels are critical to the functioning of the energy industry as they are used to transport and store various petroleum products. Crude oil, for example, is typically transported from oilfields to refineries in large volumes stored in tanker vessels, railcars, or pipelines. When the oil reaches the refinery, it is stored in barrels as it undergoes refining and processing. Once refined, the petroleum products such as gasoline, diesel fuel, and jet fuel are transported in barrels to storage facilities and distribution centers.

The use of barrels in the energy industry is not limited to crude oil and refined petroleum products. Natural gas liquids (NGLs) such as propane, butane, and ethane are also measured in barrels. NGLs are used as feedstock in petrochemical industries, as well as in residential, commercial, and industrial applications such as heating and cooking.

To summarize, barrels are an essential component of the energy industry. They are used to measure the volume of petroleum products and NGLs, as well as transport, store, and distribute these energy sources.


   
     

Barrel

Energy Term


A barrel, also known as a drum, is a cylindrical container typically made of steel, plastic, or wood. In the energy industry, a barrel is a unit of measurement that is used to quantify the volume of crude oil, refined petroleum products, and natural gas liquids, among other substances. The standard size of a barrel used in the industry is 42 US gallons or approximately 159 liters.

Barrels are critical to the functioning of the energy industry as they are used to transport and store various petroleum products. Crude oil, for example, is typically transported from oilfields to refineries in large volumes stored in tanker vessels, railcars, or pipelines. When the oil reaches the refinery, it is stored in barrels as it undergoes refining and processing. Once refined, the petroleum products such as gasoline, diesel fuel, and jet fuel are transported in barrels to storage facilities and distribution centers.

The use of barrels in the energy industry is not limited to crude oil and refined petroleum products. Natural gas liquids (NGLs) such as propane, butane, and ethane are also measured in barrels. NGLs are used as feedstock in petrochemical industries, as well as in residential, commercial, and industrial applications such as heating and cooking.

To summarize, barrels are an essential component of the energy industry. They are used to measure the volume of petroleum products and NGLs, as well as transport, store, and distribute these energy sources.


Related Energy Terms
                     
                     
 Ammonia   Bulk Sales   Development well  
 Asphaltene   Capacity Oil and Gas Operations Industry   Dewpoint  
 Barrel   Cfe   Distillates  
 Bbl   Coal   Downstream  
 Bcf   Coke   Dry hole  
 Bcfe   Compliance Coal   Dth  
 Blendstocks   Condensate   Dthe  
 BOE   Crack Spread    Emissions  
 Bpd   Crude Oil Desalting   Equity production  
 Btu   Cubic Foot CF   Ethanol  
               
                  next arrow
 
   


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