Cryptocurrency Q&A
What is BBL in oil trading?
What is BBL in oil trading?
Ilaria
Wed Nov 06 2024
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7 answers
1921
I'm trying to understand the term 'BBL' in the context of oil trading. Could someone explain what it stands for and how it's used in this industry?
7 answers
Giulia
Fri Nov 08 2024
In terms of volume, an oil barrel is equivalent to 42 US gallons.
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Carolina
Fri Nov 08 2024
This unit of measurement is widely used in the oil and gas industry for various purposes.
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Stardust
Fri Nov 08 2024
The origin of the abbreviation BBL is somewhat unclear, but some sources attribute it to the Standard Oil Co.
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ShadowFox
Fri Nov 08 2024
BBL is an abbreviation that represents a specific quantity in the oil industry.
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Andrea
Fri Nov 08 2024
Standard Oil Co. was a major player in the oil industry and its influence may have led to the widespread adoption of the abbreviation.
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