If crude oil import are reported in TMT what does that stand for? 1 barrel of oil equals how many TMT? | Ask a Landman

If crude oil import are reported in TMT what does that stand for? 1 barrel of oil equals how many TMT?

If crude oil import are reported in TMT what does that stand for? 1 barrel of oil equals how many TMT?
Assuming 1 metric ton equals 7.3 barrels of oil. How many barrels of oil is 13428 TMT?
Yes TMT stands for thousand metric tons

This entry was posted on Tuesday, June 22nd, 2010 at 9:53 am and is filed under Crude Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “If crude oil import are reported in TMT what does that stand for? 1 barrel of oil equals how many TMT?”

pzifisssh Says:
June 22nd, 2010 at 9:53 am
TMT prob’ly stands for Thousand Metric Tons (10^6 Kg).

A "barrel" is a volume measure. The conversion factor is gonna depend on the "grade" of the crude oil (e.g., "heavy", "medium", or "light"), and also, to some degree, on the temperature.

http://en.wikipedia.org/wiki/Barrel_%28volume%29#Oil_barrel
http://en.wikipedia.org/wiki/API_gravity

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