Sentence examples for barrel well from inspiring English sources
The oil produced is mostly sold in Kurdistan for about $60 a barrel, well below the world price.
The government's budget for 2015 is based on projections that the average price of oil will be $80 a barrel, well above the $50-60 most forecasters expect.
However, oil prices are still over $32 a barrel, well above the top end of OPEC's preferred range of $22-28 22-28
Unless the oil can be exported, it goes to Kurdish refineries for a price of about $60 per barrel — well below that on world markets.
In January, Argentine oil companies reached an agreement with the government to freeze prices for three months and to supply crude to Argentine refineries at $28.50 a barrel, well below the current world price.
Critics say Africa's second-biggest oil producer got a raw deal and is selling to China at around $60 a barrel, well below global prices, with infrastructure alone an insufficient return.
He said that it amounted to 3.19m barrels, well below the government's estimate of 4.09m barrels, which could have led to penalties of up to $17.6bn.
Ultimately, BP held a long position in excess of 5 million barrels, well over the pipelines entire capacity.
Crude stocks fell a bit to 344 million barrels with U.S. commercial crude stocks at 30 million barrels — well above the five-year average and stockpiles from a year ago.
The Bahasi is a 300-million-barrel well that was spudded earlier this month and should be completed around December this year.
Part of the positive spin for 2001 depends on the price of crude oil, which ended the year at $26.80 a barrel, staying well below $30.
