In the context of global oil prices “Brent crude oil" is frequently referred to in the news. What does this term imply? 1) It is a major source classification of crude oil. 2) It is sourced from North Sea 3) It does not contain sulphur. Which of the statements given above is/are correct?

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CollectorBabu · Accepted Answer

Correct Answer: 1 and 2 only. Brent Crude is a classification of sweet light crude oil serving as benchmark price for buying oil globally. It is extracted from North Sea having 0.37% of sulphur and serving as biggest classifications of crude oil with Brent Crude, Brent Sweet Light Crude, Oseberg, Ekofisk and Forties.

In the context of global oil prices “Brent crude oil" is frequently referred to in the news. What does this term imply? 1) It is a major source classification of crude oil. 2) It is sourced from North Sea 3) It does not contain sulphur. Which of the statements given above is/are correct?

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