Topic: Brent Crude
Quotes
The cost of electricity is one of the components of the gasoline price. However, electricity prices are increased once a year. And there have been no tariff growth in Moscow lately, including for communal services
UPI Energy Watch Oct 24, 2007
The most important advantage of being a member of the energy agency is the mutual access (of member states) to petrol and crude oil reserves
UPI Energy Watch Oct 04, 2007
I think it's going to be a bit difficult for us to talk about the Asia premium this time, given oil prices in Europe and America are higher now
UPI Energy Watch Jan 05, 2005
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).
It uses material from the Wikipedia article "Brent Crude."