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bbl

bbl

17 8.6
A unit for measuring liquids often used for oil and beer
  • noun
  • Specialized
translation icon : barril
  • The price of NYMEX crude remained depressed into 2002, averaging $19.80/bbl in January but increasing to $20.42/bbl last month.
  • bbl per day

Examples

  • My futures contract is to deliver 100,000 bbls at a price of $90/bbl.

    Blog text (6)

  • The world export price of oil last year averaged $23.15/bbl, down from $27.51/bbl a year earlier.

    Fiction book (2002)

  • Notice that if the price went to $11.50/bbl, the project is no longer economic.

    Fiction book (2002)

  • Field X had Y million bbls originally and produced 50% of Y to date.

    Blog text (9)

  • If the price increases to $19.50/bbl, he does invest.

    Fiction book (2002)

  • A spill level of 200-400 bbl per day would be a reasonable estimate.

    Academic text (1992)

  • In Case 1, let's say an investor takes on the project initially at $15/bbl.

    Fiction book (2002)

  • If the price drops to $11.50/bbl, he doesn't invest.

    Fiction book (2002)

  • Assume an oil price of $15/bbl and a break-even price of $14.50/bbl.

    Fiction book (2002)

  • The company reported that the cost of oil has risen to $70 per bbl this quarter.

Synonyms

barrel
vsbbl
141 2.8

A standard measure of liquid often used for oil or beer

is the abbreviated form that gives specific beer and oil gallon amounts
BDL
vsbbl
  • Specialized
6.8

A unit of volume used to measure oil

is an abbreviation that specifies common beer and oil volume amounts

Surface Forms

bbl singular
bbls plural

Etymology

Bbl is a trade abbreviation of the word barrel, a large container used to measure oil and beer. Think of stacks of barrels on a ship or in a brewery, and you can see why amounts are still shown in bbl today.