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BING NEWS:
  • Surprise Crude Oil Build Pressures Prices
    Crude oil inventories in the United rose by 499,000 barrels for the week ending November 29, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.30 million barrels.
    12/10/2024 - 8:50 am | View Link
  • US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says
    U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher U.S.
    12/10/2024 - 5:25 am | View Link
  • Biden's approval of an oil lease sale will keep the door open to drilling in Alaska's Arctic refuge
    The Biden administration has given approval for the sale of oil and gas leases in Alaska, leaving the door open for drilling in a portion of the pristine Arctic National Wildlife Refuge ...
    12/9/2024 - 1:21 pm | View Link
  • Oil Prices Rise on China Stimulus, Possible Tight Supply in Europe
    HOUSTON (Reuters) -Oil prices rose on Tuesday as markets looked to rising demand in China, the world's largest buyer, and possible tight supply in Europe this coming winter and away from the overthrow ...
    12/9/2024 - 12:59 pm | View Link
  • Oil prices fall on supply glut fears despite OPEC+ output cut extension
    Oil prices fell on Friday as analysts continued to forecast a supply surplus in 2025 despite the OPEC+ decision to postpone planned supply increases and extend deep output cuts to the end of 2026.
    12/6/2024 - 6:26 am | View Link
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BING SEARCH:
  • Crude Facts: Why short form for oil barrel is bbl, not bl
    These 42-gallon crude barrels were painted in blue and called blue barrels, and abbreviated as "bbl", guaranteeing a buyer that it was 42-gallon barrel of crude. By 1872, the standard oil barrel was firmly established as 42 US gallons.
    12/8/2024 - 4:20 pm | View Website
  • BBL Meaning | Glossary by Ranger Land and Minerals
    What is BBL in Oil and Gas? BBL is the abbreviation for oil barrel, the unit used in the US for crude oil. One BBL is equal to 42 US gallons or 35 Imperial gallons. It’s equivalent to 159 liters. It is the unit of volume used to measure oil production in oil fields.
    12/8/2024 - 8:42 am | View Website
  • Bbl, BOE, BTU, Mcf and Other Common Oil and Gas Abbreviations
    Crude oil reserves are measured in barrels (BBL) and natural gas is measured in cubic feet (mcf). Converting these reserves to a barrel of oil equivalent, or BOE, gives a total energy content in a single unit.
    12/8/2024 - 1:25 am | View Website
  • Where Does That 2nd 'B' in the Abbreviation for Crude Barrels (BBL ...
    You might have noticed long ago that the official abbreviation for barrels (when referencing a barrel of crude oil) is "BBL," despite the obvious fact that the word "barrel" lacks a second "b."
    12/6/2024 - 11:03 pm | View Website
  • Measurement 101: How Many Gallons in a Barrel of Oil?
    American producers typically use the unit of measurement bbl as the baseline standard to measure the volume of production in the oil & gas industry: Mbbl: 1,000 barrels of oil; MMbbl: 1.0 million barrels of oil; Gbbl: 1.0 billion barrels of oil; A standard barrel of oil contains 42 gallons.
    12/6/2024 - 10:06 pm | View Website
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