Brent crude
Definition
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 UK's two North Sea oils: Shell Oil Company's Brent-field crude and British Petroleum Company's 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.
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