Question

9. In the context of global oil prices “Brent crude oil" is frequently referred to in the news. What does this term imply?
1. It is a major source classification of crude oil.
2. It is sourced from North Sea
3. It does not contain sulphur.
Which of the above statement(s) is/are correct?

• A. Only 1 and 2
• B. Only 2 and 3
• C. Only 1 and 3
• D. All of the above

Answer 1

The correct option is A Only 1 and 2

Brent Crude is a classification of sweet light crude oil serving as benchmark price for buying oil globally. It is extracted from North Sea having 0.37% of sulphur. Other major classifications of crude oil are Brent Sweet Light Crude, Oseberg, Ekofisk and Forties.