I came across the following article on oil prices and saw the term kiloliter for the first time.  Is this very common outside the U.S.?

 

“Oil for September delivery rose 1 percent Monday to €49.32 a kiloliter, or $66.29 a barrel. “

 

The October gasoline contract climbed 2.1 percent to ¥67,960 a kiloliter, or $2.17 a gallon, after reaching an intraday record of ¥68,160 earlier Monday.”

 

http://www.iht.com/articles/2006/04/17/business/OILWRAP.php

 

It makes a lot sense to use in this context.  I realize that many will make the argument for the cubic meter but I feel that when discussing containerized quantities, liters make more sense.  I can visualize a liter easier (and more to the point, relate to direct personal experience) than I can a cubic meter. 

 

Phil

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