GyanGramIn the context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this…
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In the context of global oil prices, “Brent crude oil” is frequently referred to in the news. What does this term imply?
1. It is a major classification of crude oil.
2. It is sourced from the north sea.
3. It does not contain sulphur.
Which of the statements given above is/are correct?
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• Correct Answer: B
• Brent crude is a major classification serving as global benchmark for oil pricing
• Sourced from North Sea blend (Brent, Forties, Oseberg, Ekofisk) between UK and Norway
• Contains ~0.37-0.40% sulfur (low but not zero), classifying it as "sweet" crude below 0.5% threshold
• Statement 3 is incorrect on zero sulfur content
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