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Brent losing steam, WTI showing gains

Brent losing steam, WTI showing gains

NEW YORK, Oct. 20 (UPI) --Brent crude oil for November delivery slipped in Monday morning trading after showing signs of rebounding, while West Texas Intermediate showed modest gains.
Daniel J. Graeber
Egypt slated to get Israeli natural gas

Egypt slated to get Israeli natural gas

TEL AVIV, Israel, Oct. 20 (UPI) --The partnership in control of one of the largest natural gas basins off the coast of Israel announced their intention to sign an export deal with Egypt.
Daniel J. Graeber
Crude oil prices show some recovery

Crude oil prices show some recovery

NEW YORK, Oct. 17 (UPI) --West Texas Intermediate and Brent crude oil prices each climbed toward the $85 per barrel mark, trading data Friday show.
Daniel J. Graeber
Oil prices ding Norwegian cash flow

Oil prices ding Norwegian cash flow

OSLO, Norway, Oct. 8 (UPI) --Though cash from the petroleum industry was lower than expected, the Norwegian government said Wednesday the sector was producing ample value for the economy.
Daniel J. Graeber
Gas prices in U.S. will continue to fall

Gas prices in U.S. will continue to fall

WASHINGTON, Oct. 3 (UPI) --With global crude oil prices plummeting, U.S. retail gasoline is following suit, though the bottom might not be reached until January, an analyst said.
Daniel J. Graeber
Gas prices end long slide

Gas prices end long slide

WASHINGTON, Sept. 23 (UPI) --Retail gasoline prices Tuesday in the United States ended a streak of 16 straight days of declines, data from motor club AAA show.
Daniel J. Graeber
China saving billions on low oil prices

China saving billions on low oil prices

BEIJING, Sept. 8 (UPI) --The Chinese government said Monday it could save as much as $5 billion per month on import bills in part because of falling crude oil prices.
Daniel J. Graeber
Jordan secures gas exports from Israel

Jordan secures gas exports from Israel

TEL AVIV, Israel, Sept. 4 (UPI) --An Israeli company operating the offshore Leviathan natural gas field revealed it signed a letter of intent to send natural gas from the project to Jordan.
Daniel J. Graeber
Energy Department says gas prices should fall after Labor Day

Energy Department says gas prices should fall after Labor Day

WASHINGTON, Aug. 28 (UPI) --Gasoline prices in the United States should fall by at least 13 cents as demand wanes after the Labor Day holiday, the U.S. Energy Department said.
Daniel J. Graeber
Uncertainty in Iraq pushes oil above $107

Uncertainty in Iraq pushes oil above $107

NEW YORK, June 13 (UPI) --Oil prices rose sharply Friday morning as concerns grew over the increased fighting seen near Iraq's oil fields in Basra, Tikrit and Mosul.
Ananth Baliga

Palestinian utility secures Leviathan natural gas

TEL AVIV, Israel, Jan. 6 (UPI) -- Partners developing the Leviathan natural gas field in the Mediterranean Sea said Monday a Palestinian utility company is the first to secure a supply contract.

Crude oil up nearly 50 cents toward $93

NEW YORK, Nov. 29 (UPI) -- The price of a barrel of crude oil rose nearly a half-dollar Friday, moving toward $93 a barrel in light post-Thanksgiving trading in New York.

EIA: North Sea oil production down

WASHINGTON, Aug. 30 (UPI) -- The U.S. Energy Department said it expects crude oil production from the North Sea will be substantially lower because of scheduled maintenance.

U.S. gasoline prices continue slow decline

WASHINGTON, Aug. 12 (UPI) -- U.S. consumers Monday paid less for a gallon of regular unleaded gasoline than they did last week, AAA reports on a continuing trend.

S&P records biggest weekly loss in seven weeks

NEW YORK, Aug. 9 (UPI) -- The Standard & Poor's 500 index recorded its biggest weekly loss in seven weeks as U.S. stock indexes fell Friday after rising only one day this week.
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Wiki

Brent Crude is the biggest of the many major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg 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 (WTI).

The name "Brent" comes from the naming policy of Shell UK Exploration and Production, operating on behalf of Exxon and Shell, which originally named all of its fields after birds (in this case the Brent Goose). It also refers to the formation layers—Broom, Rannoch, Etive, Ness and Tarbert, which are named after geographical features—lochs and glens—of the Scottish Highlands).

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Brent Crude."
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