Outside the United States, volumes of oil are usually reported in cubic metres (m3) instead of oil barrels. Cubic metre is the basic volume unit in the International System. In Canada, oil companies measure oil in cubic metres, but convert to barrels on export, since most of Canada's oil production is exported to the US. The nominal conversion factor is 1 cubic metre = 6.2898 oil barrels, but conversion is generally done by custody transfer meters on the border, since the volumes are specified at different temperatures, and the exact conversion factor depends on both density and temperature. Canadian companies operate internally and report to Canadian governments in cubic metres, but often convert to US barrels for the benefit of American investors and oil marketers. They generally quote prices in Canadian dollars per cubic metre to other Canadian companies, but use US dollars per barrel in financial reports and press statements, making it appear to the outside world that they operate in barrels.