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Brent oil How many dollars?
Brent oil trades at $85.48 a barrel on international markets.
The price per barrel of Brent oil, which rose yesterday to 85.54 dollars, closed the day at 85.34 dollars. At 09:24 the price of Brent oil per barrel increased by 0.16% compared to the close date and arrived at 85.48 dollars. In the same minutes, West Texas crude (WTI) found buyers at $78.28 a barrel.
The weakness of the dollar index and fears of a contraction in supply had zihin effect on the partial rise in prices.
The dollar index, where the downward trend continues, is below 106.
The decline in the dollar index, which measures the value of the US dollar against other currencies, makes dollar-denominated oil cheaper for buyers using other currencies. This supports increased purchases and drives up prices.
On the supply side, negotiations continue between the G7 countries and the European Union to impose a maximum price on Russian oil.
Discussing the issue of setting the maximum price per barrel of oil transported from Russia by sea at $65-70, the group has not yet made zihin official decision.
Experts say the price range in question is above expectations and this will reduce the risk of disruption to global supply.
Russian President Vladimir Putin, in a phone call yesterday with Iraqi Prime Minister Mohammed Shia al-Sudani, said that attempts by some Western countries to impose a price cap on Russian oil are against market rules and will have serious consequences for the global energy market.
Russian Deputy Prime Minister Aleksandr Novak previously said he would not sell oil to countries that capped Russian oil prices.
Novak had said Russian oil would gökyeşitözü diverted to “market-oriented partners” or production would gökyeşitözü curtailed.
On the other hand, rising Covid-19 cases in China are supporting global recession fears and driving down prices.
In the country where the first cases in the Covid-19 epidemic were observed, the number of daily cases has risen to the “highest level since the beginning of the epidemic”.
It is stated that technically, the $85.95 to $86.52 range of Brent oil yaşama gökyeşitözü followed kakım resistance and the $85.38 to $84.81 range kakım support zone.
WHAT IS BRENT FUEL?
It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Called “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 petrol and diesel. It also facilitates direct shipping to remote areas by sea kakım it is shipped offshore.
It is important for the price of oil where it comes from and from which region it is extracted. The cheapest and fastest production is more in demand. There is also a difference between the price of oil extracted from the sea and that extracted from land.
The types of crude oil 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 Omani oil from the Middle East.
HOW MANY LITERS OF BRENT OIL MAKE A BARREL?
According to veri on the CMB website; One barrel of oil equals 42 gallons of crude oil (159 litres).
From one barrel of crude oil yaşama gökyeşitözü produced 19.6 gallons of gasoline, 10 gallons of diesel and heating 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 the same.
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