Have you, by chance, ever wondered exactly how much oil you’re actually getting in those barrels? Today’s your lucky day:
1 barrel = 159 liters or 42 gallons
Crude oil is measured in barrels because, to put it simply, that’s the way it’s always been done. According to OPEC, when oil first came into large-scale commercial use in the United States in the 19th century, it was stored in wooden barrels. Reserves are estimated at more than 1 trillion barrels. In 2006, the total world oil output was 72 million barrels per day.
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