MT - Metric Ton in Oil Trading

What is a Metric Ton (MT)?

A metric ton (MT or tonne) is a unit of weight equal to 1,000 kilograms or 2,204.62 pounds. In oil trading, metric tons are commonly used for heavy fuel oil and marine fuels.

Oil Conversions:

• • 1 MT of crude oil ≈ 7.33 barrels (varies by density)
• • 1 MT = 1,000 kilograms
• • 1 MT = 2,204.62 pounds
• • 1 MT of gasoline ≈ 8.53 barrels
• • 1 MT of diesel ≈ 7.46 barrels