MB/D

(redirected from Millions of barrels per day)
AcronymDefinition
MB/DMillions of Barrels per Day
References in periodicals archive ?
The deals have the potential to boost Iraq's capacity by millions of barrels per day and make it a rival to top oil producers Saudi Arabia and Russia.
With a total of 45 firms vying for contracts on 15 oilfields, including three of the world's largest, the deals have the potential to boost Iraq's capacity by millions of barrels per day and make it a rival to top oil producers Saudi Arabia and Russia.
A logical question would be: "So, why isn't something like that happening now, especially considering that the price of crude oil has reached a record level above $70 per barrel?" Ordinarily, one might reasonably expect to see the price of crude oil drop considerably from such a level, were it not for the fact that OPEC's excess production capacity has fallen over the years, from millions of barrels per day to around 500,000 barrels per day, according to crude-oil supply analysts.
US capacity stands at 150 refineries and 17.68 millions of barrels per day as of January.