Barrel as a unit of measurement for crude oil originated from the
Drake Well in Pennsylvania, U.S. It later became a widely accepted
standard for oil trades in the U.S. and around the world through its
use by the Standard Oil Company founded by John D. Rockefeller.
1 barrel = 42 U.S. gallons (1 U.S. gallon = 3.7854 liters) ≈ 0.159 m3
= 159 liters
While many oil producing countries, such as OPEC and western
countries like UK and U.S., use the volume-based unit of “barrel” to
measure crude oil, countries including China and Russia use “metric
ton”, a weight unit. Since the oil density varies greatly among the
dierent places of origin, the weight of a barrel may uctuate from
128 kg to 142 kg, meaning 1 metric ton of crude oil is about 7.0 to
7.8 barrels.
Commemorative postmark of Oil City, Pennsylvania dated July 16,
1983 in celebration of the “Oil Heritage Week”. The mark depicts a
horse cart carrying wooden barrels.
声明:本资料仅用于投资者教育,不构成任何投资建议。我们力求本资料信息准确可靠,但对这些信息的准确性、完整性或及时性不作保证,亦不对因使用该等信息而引发的损失承担任何责任,投资者不应以该等信息取代其独立判断或仅根据该等信息做出决策。基金有风险,投资须谨慎。