InterContinental Exchange
ICE stands for Intercontinental Exchange, which is a leading global network of exchanges and clearing houses for financial and commodity markets. ICE Brent Crude oil refers to the futures contract for Brent Crude oil that is traded on the Intercontinental Exchange.
Yes, crude oil contains various fractions with different viscosities. Some fractions, such as light crude oil, have low viscosity, while others, such as heavy crude oil, have high viscosity. The viscosity of crude oil can affect its flow characteristics and processing requirements.
Crude oil is a liquid, so it takes the shape of whatever container it is in.
A standard barrel of crude oil is equivalent to 42 US gallons or approximately 159 liters.
Yes, gravity (specific gravity) of crude oil affects its weight. Crude oil with higher specific gravity will weigh more than crude oil with lower specific gravity. This is due to the density differences between the two types of oil.
A barrel of crude oil weighs about 300-350 pounds. The weight can vary slightly depending on the type and density of the crude oil.
The properties of Brent Crude oil are the same properties of any crude oil, density, viscosity, and solubility. Although Brent is LCO (light crude oil).
Brent crude is extracted from the North Sea, and comprises Brent Blend, Forties Blend, Oseberg and Ekofisk crudes. Brent crude oil is usually considered as sweet crude.
Brent crude oil is a "benchmark crude" oil agreed upon by various suppliers and traders of crude oil. Other crude oils are often priced based on the agreed upon benchmark crude which has a particular set of properties.
Brent Crude is a light oil and is classified as a sweet crude. It contains 0.37% sulfur, has an API gravity of 38.06, and a specific gravity of .835.
Crude Oil prices
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
The Crude Oil and Commodity Prices on April, Friday 25 2014 are: WTI Crude Oil is $101.94/barrel and Brent Crude Oil is $110.33/barrel.
Crude oil is that oil that comes out of an oil well head (before it is refined). However, different oil wells produce different types of crude oil (some is thick and some is very runny)For commercial trading purposes, Brent Crude is a major classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide.
Brent crude oil futures are stocks whose price flactuates every now and then. This is affected by various factors in the market but mostly that of demand and supply.
I think because brent is produced in the N. Sea. Shipping cost.
West Texas Intermediate (WTI) crude oil is of very high quality and is at refining a larger portion of gasoline. Its API gravity is 39.6 degrees, which makes it a "light" crude oil, and it contains only about 0.24 percent of sulfur (making a "sweet" crude oil). Brent Blend is actually a combination of crude oil from fifteen different oil fields located in the North Sea. It is still a "light" crude oil, but not quite as "light" as WTI, and it contains about 0.37 percent of sulfur (making it a "sweet" crude oil, but again slightly less "sweet" than WTI). Brent blend is good for making gasoline and middle distillates. WTI is more expensive than Brent.
Brent crude oil is a light crude from the North sea. It is used as an indicator of global oil prices. It is however unlikely that South Africa buys any Brent crude because the travel distance is great and that increases the cost of supplying the oil. South Africas oil is more likely to come from closer suppliers, like Angola, Nigeria and the Middle East.