Definition - What does MBPD mean?
MBPD is a unit of measurement of crude oil and petroleum products produced or consumed on a daily basis. MBPD is the acronym of Thousand Barrels Per Day and it is the same as MBOPD which stands for Thousand Barrels of Oil per Day. Any operator who pumps out crude oil quotes the daily production in MBPD or BPD.
Petropedia explains MBPD
MBPD (Thousand barrels per day) is equal to 1000 BPD (barrels per day) which is a measure of oil output from a well. This simply means that the number of barrels of oil produced in one day by an Exploration and Production company or the amount of crude oil processed into petroleum product by a refinery in one day will be measured in BPD and can be converted into MBPD.
1 MBPD = 10^3 BPD
In crude oil trading index, the pricing of petroleum liquid is done based on either MBPD or BPD and is commonly quoted in dollars per barrel.