Definition of Brent crude:
Best known of the three benchmark crude oils (the other two are West Texas Intermediate and Dubai) against which other crude oils are priced. Light (API Gravity 37.5°) and sweet (having low sulfur/sulphur content), it is a blend of UKs two North Sea oils: Shell Oil Companys Brent-field crude and British Petroleum Companys Ninian-field crude, both of which are past their peak in terms of production which now stands at about 500,000 barrels a day. Also called North Sea Brent crude.
How to use Brent crude in a sentence?
- The brent crude was used to compare our current standing in the marketplace to, as we aimed to learn from comparing.
- If you are dealing with any brent crude commodity you need to be able to take advantage of the shifting markets.
- If you are not sure if the price of your West Texas or Dubai crude oil is fair then use the current price of Brent Crude to determine the average price of all the other crude oils.
Meaning of Brent crude & Brent crude Definition