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Q.

What is the Brent crude oil ??

Tags: money, news & events, politics & government
Asked by Google, 12 Jun '11 05:52 pm
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Answers (4)

1.

The name "Brent" comes from the naming policy of Shell which originally named all of its fields after birds (in this case the Brent Goose). The term is now used for the crude oil extracted from the North Sea
Answered by Anil K Chugh, 12 Jun '11 06:27 pm

 
  
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2.

Brent crude oil is a type of petroleum classification given to oil from the North Sea. In many countries, including Europe, it is used as a benchmark for pricing other classifications of oil.
Answered by Joseph Chacko, 12 Jun '11 06:06 pm

 
  
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3.

Brent Crude is a major trading classification of sweet light crude oil comprising Brent Blend.
As you may or may not know, the reality today is that oil buyers are a dime a dozen, real fuel is the issue. The secondary market is for the most part composed of "fake offers" around the world doing a circle jerk on the Internet as people who have the real oil already know where to sell it.
Source: http://www.blackhawkpartners.com/Blog.aspx?id=103/Trading-Physical-Oil:-The-Art-of-the-Deal
Answered by ZiadKAbdelnour, 21 Nov '13 07:46 pm

 
  
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4.

Brent Crude is the biggest of the many major classifications of crude oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg, Ekofisk, and Forties. Brent Crude is sourced from the North Sea. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. It is used to price two thirds of the world's internationally traded crude oil supplies.
The other well-known classifications (also called references or benchmarks) are the OPEC Reference Basket, Dubai Crude and West Texas Intermediate .
The name "Brent" comes from the naming policy of Shell UK Exploration and Production, operating on behalf of ExxonMobil and Royal Dutch Shell, which originally named all of its fields after birds (in this case the Brent Goose).
Petroleum production from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil, i.e. it forms a benchmark. However, large parts of Europe now receive their oil from Russia.
Source: www.wikipedia.org
Answered by Minal, 12 Jun '11 05:59 pm

 
  
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