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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.
Stock indexes rebound on U.S. jobless claims

Stock indexes rebound on U.S. jobless claims

NEW YORK, Aug. 8 (UPI) -- U.S. stock indexes rebounded Thursday following a three-session slide after jobless claims fell to their lowest level before the Great Recession.
Stock market indexes tread water in light trading

Stock market indexes tread water in light trading

NEW YORK, Aug. 5 (UPI) -- U.S. stock market indexes treaded water Monday, ending up or down a fraction in quiet trading.

Egypt's impact on oil markets short-lived

ALEXANDRIA, Va., July 16 (UPI) -- Political upheaval in Egypt is wreaking havoc on international oil markets though it's expected to be a short-term problem, a market analysis says.

Geopolitical factors causing oil price spike

PARIS, July 12 (UPI) -- Political upheaval in the Middle East is largely responsible for some of the increase in oil prices on the global market, a market assessment from Paris said.

Lavrov: Azerbaijan oil pipeline contract termination not political

MOSCOW, May 24 (UPI) -- Russia's decision to suspend its use of an Azerbaijani oil pipeline isn't the result of political tensions, Foreign Minister Sergei Lavrov says.

Energy Department lowers gas price forecast

WASHINGTON, May 8 (UPI) -- U.S. consumers should pay about $3.53 for a gallon of regular unleaded gasoline this summer, down from last year's average, the government said.
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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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