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The Origins Of Brent Crude Oil



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By : Jack Kane    99 or more times read
Submitted 2009-11-08 08:09:44
North Sea Brent was discovered in the early 1960's and is refined and consumed in the U.K, Norway, Denmark, the Netherlands, and Germany.

Brent Crude is one of many classifications of North Sea oil of which there are; Brent Crude, Brent Light, Sweet Crude, Ecofisk, Oseberg, and Forties. Brent crude is the biggest of all the classifications of North Sea oil, and its name originates from the bird the 'Brent Goose'. Exxon and Shell adopted a policy of naming their oil fields after birds. The 'Brent' field itself from which the crude was taken, was found by the Shell petroleum company in the North East of Shetland back in 1971.

Other renowned classifications of crude oil include Dubai Crude, and West Texas Intermediate (WTI), which is a light and sweet form of crude oil. Crude Oil is considered 'sweet' if contains less than 0.5% sulphur, if the sulphur content is higher than 0.5% it is considered 'sour'. Crude oil with a low sulphur content is the most coveted form of curde and widely acknowledeged as premium quality. It is most commonly refined into petroelum. North Sea Brent crude is used to price two thirds of the world's internationally traded supplies.

The most coveted, highly prized and sought after oil in both the North Sea and around the world is,' Light-sweet crude,' as its the easiest to refine into gasoline, kerosene and high quality diesel.

The term 'Sweet' originated in the nineteenth century. In those days the early prospectors tasted and smelt the newly struck oil to determine its quality. The low levels of sulphur found in the oil provides it with a mildly sweet taste and pleasant aroma, the term has remained ever since.

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