Author: samlam

Who will drive the oil price up? [Copy link] 中文

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Post time 2016-5-4 16:23:56 |Display all floors
mixamixa Post time: 2016-5-4 14:04
Russia, Norway, China, USA, Brazil, Mexico and Canada are not members of OPEC.

The only OPEC coun ...

It is said that the bottom cost price of the oil for a bucket is around 10 dollar. It still has a big gap.

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Post time 2016-5-4 17:32:26 |Display all floors
samlam Post time: 2016-5-4 10:23
It is said that the bottom cost price of the oil for a bucket is around 10 dollar. It still has a  ...

It depends what kind and where you are pumping. The most expensive oil to produce is from Canadian oil sands, Saudi oil is the cheapest and cleanest to produce.

There is different price for different oil. Most popular oils are WTI, Brent, Urals and Saudi Arabia sweet crude.

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Post time 2016-5-4 17:57:01 |Display all floors
samlam Post time: 2016-5-4 16:23
It is said that the bottom cost price of the oil for a bucket is around 10 dollar. It still has a  ...

All depends what you consider a "bucket"!

The TI Europe and the TI Oceania, are able to carry over 3,000,000 barrels of oil in a single voyage.

Please let forumites know how many "buckets" them 3 million barrels of oil would contain.

Thanks and congratulations to your nomination

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Post time 2016-5-4 19:12:16 |Display all floors
emanreus Post time: 2016-5-4 11:57
All depends what you consider a "bucket"!

The TI Europe and the TI Oceania, are able to carry ove ...

One barrel is 159 liters. The most common buckets are 10, 5 or 3 liters. So the answer to your question is either 47,7 million buckets, 95,4 million buckets or 159 million buckets.

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Post time 2016-5-4 19:24:39 |Display all floors
mixamixa Post time: 2016-5-4 19:12
One barrel is 159 liters. The most common buckets are 10, 5 or 3 liters. So the answer to your que ...

Right, we All know that;  One barrel is 159 liters.
Now comes the ? mark for most common buckets:  3 or 10.5 liters.
In simple words: 3 USD or 10.5 USD.

The meaning of: most common buckets got rather MEANINGLESS.

However; do you represent : samlam!

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Post time 2016-5-4 19:40:12 |Display all floors
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Post time 2016-5-5 08:42:29 |Display all floors
seneca Post time: 2016-5-4 19:40
I already wondered: oil in buckets? I think you mean "barrel".

barrel

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