Knowledge on the conversion related to crude oil procurement

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What is the equivalent amount for 1 barrel of crude oil? Sunday, November 02, 2008, 16:40 – The current international price of crude oil is over $90 per barrel. Let’s assume it’s 90 dollars per barrel for now. A barrel of oil is about 160 liters. As we all know, petroleum refining can produce gasoline, diesel, kerosene, asphalt, and so on. On average, it’s possible to produce about 60% gasoline from oil; the remaining portion consists of 15% diesel, 15% kerosene, and 10% asphalt (since specific figures vary depending on the region where the oil is produced, these are estimates). In other words, from one barrel of oil, one can obtain approximately 90 liters of finished gasoline, around 25 liters of finished diesel, and about 25 liters of finished kerosene, along with some asphalt. Assuming the prices are 6 yuan per liter for gasoline, 5 yuan per liter for diesel, and 7 yuan per liter for kerosene. The selling price of one barrel of oil after refining is 90 x 6 = 540; 25 x 5 = 125; 25 x 7 = 175. Let’s assume the price of asphalt is 100. http://bbs.tiexue.net/ In other words, the sales revenue from one barrel of crude oil after refining can be 940 yuan; rounding this to the nearest whole number gives 1000 yuan. Let’s calculate what the profit margin is This does not include the costs of equipment, transportation, and personnel. Also, I came across such a claim; I’m not sure if it’s true or not. It is said that China is the largest importer of low-quality oil, which has a high sulfur content and thus a much lower procurement cost; the crude oil currently selling for $90 per barrel is high-quality crude oil. China’s high-quality crude oil derivatives are first allocated to the military and for export, while the products intended for civilian use are usually derived from lower-quality oil (which is perhaps why it is often said that the quality of Chinese oil is much worse than that of foreign oil). Furthermore, oils with higher numbers are not necessarily better; this is something I discovered on the internet while researching for this article. Relevant information: 1. How many liters is there in a barrel of oil? ~? http://bbs.tiexue.net/ Gallons and liters are two relatively small units used for measuring refined oil. Gas stations in countries such as the United States and Europe typically use gallons as the unit of measurement, while gas stations in our country use liters: 1 barrel = 158.98 liters = 42 gallons. 1 US gallon = 3.785 liters, 1 UK gallon = 4.546 liters. To convert volume to weight, it depends on the density of crude oil. Assuming that the density of crude oil for a certain property is 0.99 kilograms per liter, then the weight of one barrel of crude oil is 158.98×0.99=157.3902 kilograms. 2. May I ask, how much gasoline can be produced from one barrel of oil sold internationally? Crude oil is refined not only into gasoline, but also into diesel, kerosene, and asphalt. In other words, everything produced from crude oil refining is useful. This is also related to the quality of crude oil. Oil from the Middle East can be used to produce more gasoline, coal, and diesel, but less paraffin and asphalt. Our country’s oil contains more paraffin and asphalt than oil from the Middle East; as a result, less oil is produced. Generally, gasoline accounts for about 60% of it. 1 barrel (bbl) = 42 US gallons = 159 liters (l) = 0.159 cubic meters (m3). 1 ton (t) = 7.35 barrels (bbl) (global average) = 1174 liters. 1 barrel (bbl) = 0.137 tons (t) = 137 kilograms (kg) (global average). The specific gravity of crude oil ranges from 0.8 to 1.0 kg/liter, so the weight of one barrel of oil varies as well. It’s around 128-142 kilograms. 1 liter (l) = 0.246 gallons (Gal). 1 kilogram = 0.3055 gallons (US) / 0.2545 gallons (UK). Method for converting the volume and weight units of oil: The number of barrels equivalent to 1 ton of oil = 1/p * 6.29 barrels (of oil), where p is the density of the crude oil. Dividing 6.29 by the density (p) gives the conversion factor to determine how many barrels 1 ton of oil is equal to. The value of this conversion factor is related to the density of the oil, and the two are inversely proportional to each other. For example, the density of Daqing crude oil is 0.8602, while that of Shengli 101 crude oil is 0.9082; thus, the conversion factor for Daqing crude oil is 6.29/0.8602 = 7.31, and the conversion factor for Shengli crude oil is 6.29/0.9082 = 6.93. The same principle applies to the calculation of petroleum products. If the density of a certain type of gasoline is 0.739, the calculation shows that 1 ton of gasoline is equivalent to 8.51 barrels ； The density of a certain type of diesel is 0.86; the calculation shows that 1 ton of diesel is equivalent to 7.31 barrels. Volume conversions: liters (L), cubic meters (m3), US gallons, British gallons, oil barrels – 158.98, 0.15898, 42, 34.973, 1, 1, 0.001, 0.26418, 0.21998, 0.00629. 1000 equals 1, 264.18, 219.98, 6.29. How much is an oil barrel worth? As oil prices rise, the oil barrel has ceased to be merely a container and has become an international benchmark for oil prices. 　　Currently, the volume of one barrel of oil is 159 liters or 42 US gallons. Before the 1860s, wooden barrels were used as containers, with capacities ranging from 150 to 190 liters. 　　Starting in 1865, with the construction of oil pipelines and the increased use of storage tanks, bulk carriers, and oil tankers, oil was rarely transported in barrels anymore. In 1972, the Organization of Petroleum Exporting Countries adopted the 42-gallon barrel as the standard unit of measurement for oil. How much is there in a barrel of oil? In our daily lives, we often come across various units for measuring oil, such as barrels, tons, gallons, and liters. 　　Barrel and ton are two common units used to measure the quantity of crude oil. In OPEC and Western countries such as the United States and the United Kingdom, the unit of measurement for crude oil is usually barrels, while countries like China and Russia often use tons as the unit for measuring crude oil. The conversion rate between tons and barrels is as follows: 1 ton is approximately equal to 7 barrels; if the oil is lighter in density, then 1 ton is roughly equal to 7.2 or 7.3 barrels. Although there is a fixed conversion rate between tons and barrels, since tons are a unit of mass while barrels are a unit of volume, and the density of crude oil varies widely, different results are obtained when calculations are done using different units in transactions. 　　Gallons and liters are two relatively small units of measurement for refined oil. Gas stations in countries such as the United States and Europe typically use gallons as the unit of measurement, while gas stations in our country use liters. 1 barrel = 158.98 liters = 42 gallons. 1 US gallon = 3.785 liters, 1 UK gallon = 4.546 liters. To convert volume to weight, it depends on the density of crude oil. Assuming that the density of crude oil for a certain property is 0.99 kilograms per liter, then the weight of one barrel of crude oil is 158.98×0.99=157.3902 kilograms. Crude oil is a mixture, so its density falls within a certain range; it can be classified into four categories based on density: light crude oil (density < 0.87 g/cm3), medium crude oil (0.87–0.92 g/cm3), heavy crude oil (0.92–1.0 g/cm3), and ultra-heavy crude oil (≥1.0 g/cm3). Generally speaking, we can calculate based on the average global proportion of crude oil. The accepted conversion is: 1 ton of crude oil = 7.35 barrels (with each barrel containing 42 US gallons), or roughly, 1 ton of crude oil = 1174 liters. How many liters is in 1 barrel of crude oil? 1 barrel (bbl) = 42 US gallons = 159 liters (l) = 0.159 cubic meters (m3). 1 ton is approximately equal to 7 barrels. Unit category: It is a specialized unit. Detailed explanation: To convert between volume and weight units, the density p must be taken into account. The density of crude oil and refined oil, denoted as pt, indicates the weight in tons per cubic meter of oil at a certain temperature. The conversion formula is as follows: The volume of 1 ton of oil = 1/p cubic meters. The number of barrels equivalent to 1 ton of oil = 1/p * 6.29 barrels (of oil). Dividing 6.29 by the density gives the conversion factor for determining how many barrels of oil correspond to 1 ton of oil. The value of this conversion factor is related to the density of the oil, and the two are inversely proportional to each other. For example, the density of Daqing crude oil is 0.8602, while that of Shengli 101 crude oil is 0.9082; thus, the conversion factor for Daqing crude oil is 6.29/0.8602 = 7.31, and the conversion factor for Shengli crude oil is 6.29/0.9082 = 6.93. 1 barrel (bbl) = 42 US gallons = 159 liters (l) = 0.159 cubic meters (m3). 1 ton (t) = 7.35 barrels (bbl) (global average) = 1174 liters. 1 barrel (bbl) = 0.137 tons (t) = 137 kilograms (kg) (global average). The specific gravity of crude oil ranges from 0.8 to 1.0 kg/liter, so the weight of one barrel of oil varies as well. It’s around 128-142 kilograms. 1 liter (l) = 0.246 gallons (Gal). 1 kilogram = 0.3055 gallons (US) / 0.2545 gallons (UK). Method for converting the volume and weight units of oil: The number of barrels equivalent to 1 ton of oil = 1/p * 6.29 barrels (of oil), where p is the density of the crude oil. Dividing 6.29 by the density (p) gives the conversion factor to determine how many barrels 1 ton of oil is equal to. The value of this conversion factor is related to the density of the oil, and the two are inversely proportional to each other. For example, the density of Daqing crude oil is 0.8602, while that of Shengli 101 crude oil is 0.9082; thus, the conversion factor for Daqing crude oil is 6.29/0.8602 = 7.31, and the conversion factor for Shengli crude oil is 6.29/0.9082 = 6.93. The same principle applies to the calculation of petroleum products. If the density of a certain type of gasoline is 0.739, the calculation shows that 1 ton of gasoline is equivalent to 8.51 barrels ； The density of a certain type of diesel is 0.86; the calculation shows that 1 ton of diesel is equivalent to 7.31 barrels. Volume conversions: liters (L), cubic meters (m3), US gallons, British gallons, oil barrels – 158.98, 0.15898, 42, 34.973, 1, 1, 0.001, 0.26418, 0.21998, 0.00629; 1000, 1, 264.18, 219.98, 6.29