What is a liquid bbl?

A liquid barrel (abbreviated as bbl) is a unit of volume commonly used in the oil and gas industry to measure the volume of liquid petroleum products, such as crude oil, gasoline, and diesel.

One liquid bbl is equal to 42 US gallons or approximately 159 liters. This measurement is based on the standard barrel size used for the transportation and trading of oil and petroleum products.

Liquid barrels are used to quantify the production, consumption, and storage of liquid petroleum products on both a domestic and international scale. They are also commonly used in financial markets to estimate the value of oil and gas reserves.

It is important to note that the volume of a liquid barrel may vary slightly depending on the specific industry or region using it, but the standard measurement is typically accepted as 42 US gallons.