North Sea
Brent
The main international price reference.
From the groundto the reserve.
The journey that turned oil into the world’s strategic reserve, and the idea behind $ROR.
Four stages.
One resource.
Select a stage to follow the oil.
Extract
Oil begins in rock formations far below the frozen ground. Wells and pumps bring it to the surface, barrel by barrel.
Transport
Raised pipelines cross forest and tundra, moving crude steadily from the fields to ports and refineries.
Export
Tankers carry cargoes across the world, linking producers to the economies that run on energy.
Reserve
Strategic stocks are kept in reserve, measured and governed, ready for the moment they are needed.
The arithmetic
of reserves.
Reference figures about the oil market. They describe oil, not $ROR.
- 42US gallons
- in one barrel of oil.
- 159litres
- in that same barrel.
- 90days
- of net imports IEA members hold in stock.
- 1975the year
- the US Strategic Petroleum Reserve was authorised.
Three names
the market reads.
Most crude is priced against a few reference grades.
Cushing, Oklahoma
WTI
A light, low-sulphur US crude.
Russian export blend
Urals
Medium and sour, quoted against Brent.
Energy is strategic.
Its symbol is on-chain.
$ROR keeps the idea of a reserve, not the barrel. It follows no oil price and carries no claim on any asset.
The $ROR token
One token.
One address.
Everything you need to identify $ROR.