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.
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.
Around the world the most sought after form of crude oil is ‘Light-sweet’ crude oil as out of all forms of crude oil it is the easiest to process 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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