What is OPEC What is the unit of oil?

OPEC-Organization of the Petroleum Exporting Countries.

There are two main methods used in the calculation of oil production, supply and marketing in the world: one is calculated by volume, expressed in barrels or liters; The other is by weight, expressed in tons. Internationally, it is customary to use tons to calculate the annual production and consumption of oil, while barrels are used to calculate the daily production, consumption and export of oil.

Due to the specific gravity of oil, the weight of oil produced in different regions also varies slightly. At present, when the international oil industry converts the weight and volume, it is generally based on the world's average gravity of Saudi Arabia at 34 degrees. This kind of ** is equivalent to barrels per ton, and each barrel is equivalent to 42 US gallons (cubic meters), and each gallon (US) is related to liters.

This calculates 1 barrel of 42 liters.

It is the Organization of Petroleum Exporting Countries, mainly oil exporting countries, for the common interest, to jointly negotiate to determine the annual oil output of each country, allocate each other, stabilize market competition, determine the distribution ratio, and jointly determine **.

Due to the relatively low tax revenues in OPEC countries, retail sales are much lower than those in most developed countries.

<>Even though the daily headlines lament record oil prices, the U.S. is actually one of the cheaper parts of the world. According to a survey of 155 countries and regions around the world, the U.S. ranks 44th in terms of oil prices in order of the cheapest regions. This discrepancy is also remarkable, as was the case in late April 2008, with gasoline averaging** in the United States being a US dollar gallon, while the vast majority of European countries were selling more than $8 a gallon.

The United States has been trying to keep oil prices low, and the current debate is how to keep this unacceptable oil price at a reasonable level. But these cheap oil prices, which the United States is imposing, are out of reach for other countries. And this cheap oil price has also tempted Americans to fall into a cycle of constantly buying large cars and larger homes, as if the shadow of global oil prices is a distant thing for Americans.

Comparisons cannot be generalized. It is always difficult to compare oil prices across countries, or to compare them with different exchange laws. The dollar has depreciated significantly compared to the euro.

Coupled with the fact that people live in different distances, buses can come in handy, and those who pay high gas prices will benefit from other things, such as Europe's strong social insurance nets, including cheaper health care and higher levels of education, some of which are taxes included in the price of oil paid by taxpayers.

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The translation and meaning of this word is as follows: an international organization designed to maintain the stability and vigor of the oil market. Any significant oil exporter that shares the organization's philosophy can become a member.

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