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Brent oil is trading at $ 97.64 a barrel on international markets.
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.