Barrels Per Day - B/D

AAA

DEFINITION of 'Barrels Per Day - B/D'

A measure of oil output, represented by the number of barrels of oil produced in a single day. For example, you might hear "country ABC has the potential to produce five million barrels per day". The abbreviation "bbl/d" can also be used to represent this production measure.

INVESTOPEDIA EXPLAINS 'Barrels Per Day - B/D'

The barrels-per-day measure is commonly used in the oil spot markets, as prices are usually quoted in terms of dollars per barrel. One barrel of oil contains approximately 42 U.S. gallons, or 35 imperial gallons, and weighs approximately 0.134 tons.

RELATED TERMS
  1. Price Per Flowing Barrel

    A metric used to determine the value of a oil and gas company. ...
  2. Hotelling's Theory

    This theory proposes that owners of non-renewable resources will ...
  3. Estimated Ultimate Recovery - EUR

    A production method commonly used in the oil and gas industry. ...
  4. Rig Utilization Rate

    A ratio used in the oil services industry that measures the amount ...
  5. Organization Of Petroleum Exporting ...

    An organization consisting of the world's major oil-exporting ...
  6. Sweet Crude

    A type of oil that meets certain content requirements, including ...
Related Articles
  1. Oil And Gas Industry Primer
    Active Trading

    Oil And Gas Industry Primer

  2. Futures Fundamentals
    Insurance

    Futures Fundamentals

  3. Finding Per Diem Rates
    Budgeting

    Finding Per Diem Rates

  4. Understanding 'Per Diem'
    Budgeting

    Understanding 'Per Diem'

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center