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.
Polymers are not made into crude oil. Crude oil is made into polymers.
Yup! Crude Oil -> Crude Oil Vapour --> Diesel Oil --> Ethene --> Poly(ethene)
1 barrel of crude oil equals 42 US gallons of crude oil.
Crude oil is excavated using an excavation machine. Crude oil easily comes to the surface and is easy to excavate, while shale oil is not.
Crude oil is the raw form of oil mined from underground, not produced. Some places with alot of crude oil however are Alaska and Canada.
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 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.
InterContinental Exchange
I think because brent is produced in the N. Sea. Shipping cost.
Difference between nymex crude and brent crude
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.