What is Brent Crude ?

Kian Petroleum Company is an international specialized petrochemical company producing various petroleum products such as diesel , brent crude , etc.

 Brent Crude

Brent Crude may refer to any or all of the components of the Brent Complex, a physically and financially traded oil market based around the North Sea of Northwest Europe; colloquially, BrentCrude usually refers to the price of the ICE Brent Oil futures contract or the contract itself. The original Brent Crude، referred to a trading classification of sweet light crude oil first extracted from the Brent oil field in the North Sea in 1976. As production from the BrentOilfield declined over time, crude oil blends from other oil fields have been added to the trade classification. The current Brent blend consists of crude oil produced from the Brent, Forties (added 2002), Oseberg (added 2002), Ekofisk (added 2007), and Troll (added 2018) oil fields also known as the BFOET Quotation

The BrentCrude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content

Brent is the leading global price benchmark for Atlantic basin crude oils. It is used to set the price of two-thirds of the world’s internationally traded crude oil supplies. It is one of the two main benchmark prices for purchases of oil worldwide , the other being West Texas Intermediat WTI

Brent Complex

Popular media references to “BrentCrude” usually refers to the ICE BrentCrude oil futures price. The ICE BrentCrude oil futures price is part of the Brent Complex, a physical and financial market for crude oil based around the North Sea of Northwest Europe, which could include numerous elements that can be referred to as Brentcrude

this material monthly futures contracts

this material monthly forward contracts

this material weekly Contract-for-Difference CFD

Dated Brent short-term assessed prices

Brent-Forties-Oseberg-Ekofisk-Troll (BFOET), Dated Brent, or Brent spot market

Brent oilfield crude oil blend

ICE Brent Index

The Brent Complex fosters commercial transactions of this material l, gathers price data those transactions (in forwards, CFDs, and Dated Brent), establishes reference prices for other global oil trade transactions (in Dated Brent assessed prices, Dated BFOET assessed prices, forward traded prices, and futures traded prices) , and transfers risks of those transactions (through hedging in forward and futures markets)

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