![]() ![]() It should be noted that most crude oils are traded in Barrels. However, confusion may arise in the latter case if the reference temperature is not stated (Bill of Lading and or Certificate of Quantity and or shore Quantity Calculations Certificate). It is customary to refer to volumes at the reference temperature as Standard Volumes e.g US barrels 60 oF or cubic meters 15 oC. In non-metric countries the barrel (Bbl).Ĭombining a statement of volume with a statement of the reference temperature yields the following measurement systems.In metric countries the cubic meter (m ). ![]() The situation is further confused in that there are primarily two volumetric units, which are: Generally, the reference temperatures are: Unfortunately, different countries have different standard (reference) temperatures.
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