Brent Crude

Classification of crude oil that serves as a major worldwide benchmark price

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Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, Brent Crude usually refers to the price of the ICE Brent Crude Oil futures contract or the contract itself. The original Brent Crude referred to a trading classification of sweet light crude oil first extracted from the Brent oilfield in the North Sea in 1976. As production from the Brent oilfield declined to zero in 2021, crude oil blends from other oil fields have been added to the trade classification. The current Brent blend consists of crude oil produced from the Forties, Oseberg, Ekofisk, and Troll oil fields.

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Gas costs hit new record and oil soars beyond 2008 high as Russia boycott considered The cost of natural gas has smashed past UK records while Brent crude oil has surged to its highest level since 2008 after the United States said a boycott of Russian energy imports was being.. Sky News - Published on March 7, 2022
Russia-Ukraine crisis: Brent oil surges to $100 USD for first time since 2014 Russia is the world's second-largest oil producer and sells crude to European refineries and is also the largest natural gas provider to Europe. DNA - Published on February 24, 2022

Brent crude oil price may hit $110 next yr: Goldman Global financial major Goldman Sachs expects Brent crude oil prices to reach $110-per-barrel by next year, a 30% jump from the current levels of $85/bbl. Oil analysts at Goldman Sachs say the global.. IndiaTimes - Published on October 27, 2021