Anasayfa / Genel / How much was the price of Brent oil? (October 27, 2022 oil prices) – Last Minute Economy News

How much was the price of Brent oil? (October 27, 2022 oil prices) – Last Minute Economy News

Brent oil How many dollars?

Brent oil prices continue to fluctuate.

The price of Brent oil, which started yesterday in the $ 90 range, closed with $ 93.79.

On the morning of October 27, 2022, the price of Brent oil is trading at $ 94.07.

The World Bank reported that energy prices are expected to drop 11.2% in 2023, after rising 59.1% this year.

In the report, it was stated that the price per barrel of Brent crude oil is expected to reach zihin average of $ 100 this year, zihin increase of 42% from last year, and drop to zihin average of $ 92 in 2023 with a decrease in ‘8 percent. In the report, it was noted that the price per barrel of Brent crude oil is expected to gökyeşitözü around $ 80 per barrel in 2024.


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.



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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