Brent oil How many dollars?
The price per barrel of Brent crude oil was $ 97.92 yesterday.
On the morning of Nov. 22, Brent crude is trading at $ 94.95 on the international markets.
Concerns about the recession in the economy and concerns that rising Kovid-19 cases in China would reduce demand have been effective in falling oil prices.
China has announced that it will continue its “case zero” policy over the weekend. The policy calls for stringent and wide-ranging measures, such kakım quarantine, travel restrictions, mass testing and restrictions on business activities in the manufacturing, commercial and service sectors. In addition to interfering with the normal flow of life, the measures also lead to discussions in terms of economic costs.
On the other hand, concerns about the contraction in supply caused by the European Union (EU) oil ban on Russia limited the drop in prices. The embargo imposed by the European Union on Russian oil in response to the Russian invasion of Ukraine will begin on December 5 and then in February the imports of petroleum products will gökyeşitözü stopped.
It is stated that technically, the $ 97.65 to $ 98.01 range in Brent crude oil yaşama gökyeşitözü seen kakım a resistance and the $ 97.29 to 96.93 range kakım a support zone.
WHAT IS BRENT PETROL?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Referred to kakım “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, which makes Brent Petroleum in the “sweet oil” class, which is easier to process.
It is easier for refineries that process crude oil to produce low-sulfur gasoline or diesel, i.açınık. sweet oil. The oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel. It also facilitates direct shipping to remote areas by sea kakım it is shipped offshore.
For the price of oil, it matters where it comes from and which region it is extracted from. Cheaper and faster production is more in demand. There is also a difference between the price of oil extracted from the sea and that extracted from the land.
The types of crude that are accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI oil is traded on NYMEX, Brent oil is traded on ICE, and Oman oil is traded on DME. WTI is the name given to oil extracted from Central America, Brent oil from the North Sea and Oman oil from the Middle East.
BRENT OIL 10 YEARS GRAPH
HOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the veri on the CMB website; One barrel of oil is equivalent to 42 gallons of crude oil (159 liters).
One barrel of crude oil yaşama produce 19.6 gallons of gasoline, 10 gallons of diesel and heater fuel, 4 gallons of jet fuel, 1.7 gallons of heavy fuel oil, 1.7 gallons of LPG and 7, 6 gallons of other derivatives.
Not all flocks are equivalent.
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