This is Argyn's blog. I comment on topics of my interests such as software, math, finance, and music. Also, I write about local events in Northern Virginia, USA and all things related to Kazakhstan

Wednesday, June 25, 2008

What's barrel?

In all the talk about rising oil prices, I realized that I don't know how big is one barrel. So, here's some basic oil facts. Enjoy!

1 Oil barrel is 42 US gallons or 158.9873 litres.

Average daily oil supply figures in 2007 from EIA (in thousands barrels):
United States - 8,481
Persian Gulf - 23,098
OAPEC - 24,277
OPEC - 35,410
World - 84,548

Average daily oil demand figures in 2007 from EIA (in thousands barrels):
OECD Europe - 15,279
Canada - 2,340
Japan - 4,972
South Korea - 2,207
United States - 20,698
Other OECD - 3,456
OECD - 48,951
World - 85,385

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