The Origins Of Brent Crude Oil
November 8th, 2009
North Sea Brent Crude was originially discovered in the early part of the 1960’s and is refined and consumed by; the UK, Norway, Denmark, Germany, and the Netherlands.
Brent Crude is a form of crude oil of which there are a number of different types. In the North Sea these include; Brent Crude, Sweet Crude, Brent Light, Ecofisk, Forties, and Oseberg. Brent Crude is the biggest of the family of North Sea crudes and its names originates from the bird the ‘Brent Goose’. In 1971 Shell discovered a huge oil field off the North East of Shetland. Their policy was to name all oil fields after birds. The particular crude that the Brent field produced was therefore named ‘Brent’ Crude.
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.
In the North Sea and around the world the most highly prized form of oil is ‘Light-sweet’ crude, as it is the easiest to refine into gasoline, kerosene and high quality diesel.
The term ‘Sweet’ came about in the Nineteenth century. In those days the early prospectors tasted and smelt small quantities of the oil to determine its quality. The ’sweetness’ of the crude oil is in reference to the low levels of sulphur found in it which makes the oil taste mildly sweet with a pleasant smell. This term has remained ever since.
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