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Posts Tagged ‘Diesel’

North Sea Brent was located in the North sea at the beginning of the 60′s and is refined and consumed by; the UK, Norway, Germany, Denmark, and the Netherlands.

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.

North Sea Brent Crude is used as a benchmark to price two thirds of all the oil traded on the international market. Other remowned classifications inclue Dubai Crude, and West Texas Intermediate (WTI), which is a sweeter and lighter form of crude. Crude oil acquires the term ‘sweet’ if the sulphur content is less than 0.5%. If it is higher than 0.5% it is considered ‘sour’ crude. Crude oil with a low sulphur content is the most coveted of all oil and is almost always refined into petroleum.

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.