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bbl meaning in oil and gas
bbl means Barrel (as in a 'Barrel' of Oil). Ever wondered why it is bbl and not bl, the original abbreviation was for blue barrels. Oil was stored in 42 US gallon barrels whereas other products were generally stored in…
Definition
Barrel (as in a 'Barrel' of Oil)
Ever wondered why it is bbl and not bl, the original abbreviation was for blue barrels. Oil was stored in 42 US gallon barrels whereas other products were generally stored in 40 US gallon barrels - the blue colour indicated that the barrel was 42 gallons.<p> <p> Defined as 42 US gallons...... = 158.97 litres approx