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Encyclopedia > Brent Crude

Brent Crude is one of the major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg and Forties. Brent Crude is sourced from the North Sea.
Pumpjack pumping an oil well near Sarnia, Ontario Petroleum (from Greek petra – rock and elaion – oil or Latin oleum – oil ) or crude oil is a thick, dark brown or greenish liquid. ... Sweet crude oil is crude oil containing small amounts of hydrogen sulfide and carbon dioxide. ... Light crude oil as opposed to heavy crude oil contains a low content of wax. ... The North Sea is a sea of the Atlantic Ocean, located between the coasts of Norway and Denmark in the east, the coast of the British Isles in the west, and the German, Dutch, Belgian and French coasts in the south. ...

The name 'Brent' comes from the formation layers - Broom, Rannoch, Etive, Ness and Tarbert

Oil production from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil, i.e. it forms a benchmark. Pumpjack pumping an oil well near Lubbock, Texas Ignacy Łukasiewicz - inventor of the refining of kerosene from crude oil. ... This article is 150 kilobytes or more in size. ... A world map showing the continent of Africa Africa is the worlds second-largest and second most-populous continent, after Asia. ... A map showing countries commonly considered to be part of the Middle East The Middle East is a region comprising the lands around the southern and eastern parts of the Mediterranean Sea, a territory that extends from the eastern Mediterranean Sea to the Persian Gulf. ... [1] Crude oil price Benchamrks were first introduced in the mid 1980s. ...

The symbol for brent crude is SC. It is traded on the ICE exchange which is a London exchange. One contract equals 1,000 barrels. Contracts are quoted in US dollars. Therefore each tick lost or gained equals $10.

Brent blend is a light crude oil, though not as light as West Texas Intermediate (WTI). It contains approximately 0.37% of sulfur, classifying it as sweet crude, yet again not as sweet as WTI. Brent is ideal for production of gasoline and middle distillates. It is typically refined in Northwest Europe, but when the market prices are favorable for export, it can be refined also in East or Gulf Coast of the United States or the Mediterranean region. West Texas Intermediate (WTI) is a type of crude oil used as a benchmark in oil pricing and the underlying commodity of New York Mercantile Exchanges oil futures. ... General Name, Symbol, Number sulfur, S, 16 Chemical series nonmetals Group, Period, Block 16, 3, p Appearance lemon yellow Standard atomic weight 32. ... Sweet crude oil is crude oil containing small amounts of hydrogen sulfide and carbon dioxide. ... Gasoline or petrol is a petroleum-derived liquid mixture consisting mostly of hydrocarbons and enhanced with benzene or iso-octane to increase octane ratings, used as fuel in internal combustion engines. ...

Typical price difference per barrel is about $1 less than WTI, and $1 more than OPEC Basket. However, in 2007 Brent Crude futures have been trading at a premium to WTI of approximately $1 to $3 per barrel. The depletion of the North Sea oil fields is one explanation for the divergence in prices. Traditional wooden barrels in Cutchogue Modern stainless steel beer barrels - also called casks or kegs - outside the Castle Rock microbrewery in Nottingham, England For other uses, see Barrel (disambiguation). ... The OPEC Reference Basket (ORB), also referred to as the OPEC Basket is a weighted average of prices for petroleum blends produced by OPEC countries. ...

Brent Crude has an API gravity of around 38.06. API Gravity is a specific gravity scale developed by the American Petroleum Institute (API) for measuring the relative density of various petroleum liquids. ...

See also

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  Results from FactBites:
Petroleum - Wikipedia, the free encyclopedia (3352 words)
Petroleum (from Latin petra – rock and oleum – oil), crude oil, sometimes colloquially called fl gold, is a thick, dark brown or greenish flammable liquid, which exists in the upper strata of some areas of the Earth 's crust.
Crude oil was distilled into kerosene by Ignacy Lukasiewicz, a Polish scientist.
Brent Blend, comprising 15 oils from fields in the Brent and Ninian systems in the East Shetland Basin of the North Sea.
  More results at FactBites »



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