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Ask an Energy Expert from the Energy Information Administration - Crude Oil Types Brent Blend is actually a combination of crude oil from 15 different oil fields in the Brent and Ninian systems located in the North Sea. Brent blend is ideal for making gasoline and middle distillates, both of which are consumed in large quantities in Northwest Europe, where Brent blend crude oil is typically refined. Brent blend is generally priced at about a $1-per-barrel premium to the OPEC Basket price or about a $1-per-barrel discount to WTI, although on a daily basis the pricing relationships can vary greatly. tonto.eia.doe.gov /ask/crude_types1.html   (941 words)

Brent - Wikipedia, the free encyclopedia the River Brent which runs through the Boroughs of Barnett, Brent, Ealing and Hounslow. the Brent meteor crater in Canada which was named after the village of Brent, Ontario Brent International School, an International School in the Philippines en.wikipedia.org /wiki/Brent   (155 words)

Petroleum - Wikipedia, the free encyclopedia The inability to increase production in the short term, indicating a general lack of spare capacity, and the corresponding uncontrolled price fluctuations, can be interpreted as a sign that peak oil has occurred or is presently in the process of occurring. Brent Crude, comprising 15 oils from fields in the Brent and Ninian systems in the East Shetland Basin of the North Sea. The vast majority of oil will not be traded on an exchange but on an over-the-counter basis, typically with reference to a marker crude oil grade that is typically quoted via pricing agencies such as Argus Media Ltd and Platts. en.wikipedia.org /wiki/Petroleum   (5348 words)

[No title] Brent crude, as it is most commonly referred to, is actually a blend of many different crude grades. The Brent contract for differences (CFD) instrument was developed in the late 1980s, went through a rapid expansion phase; and, only recently, some say, saw a decline in trading volumes, primarily because of the ease of price distortion in the market. Brent CFDs are over-the-counter swaps based on the difference between the Platts mean for dated Brent and the Platts mean for 15-day Brent — of either of the first two front months when the contract expires — averaged over five days, usually corresponding to specified Monday to Friday periods. www.nymex.com /speech_articl.aspx?id=ans20010202   (3208 words)

PRT: The Nomination Scheme In essence it is a contract for the sale of a cargo of Brent crude oil with a seller having the option to substitute (for any reason) a cargo of Forties crude oil or Oseberg crude oil for the Brent cargo. The nomination of blend in this context is a commercial nomination and should not be confused with the tax nomination which must be made by 5pm of the business day following the contract being entered into (assuming that will be the transaction base date) (see OT05220). For a nomination to be effective, the seller must set out certain details of the proposed transaction which include, among other things, the name of the originating field, or if a blend is nominated, the name of the blend and the originating field or fields (see OT05210 and OT05260). www.hmrc.gov.uk /manuals/otmanual/OT05261.htm   (315 words)

Alexander's Gas & Oil Connections - February Brent blend output expected at 641,000 bpd   (Site not responding. Last check: 2007-09-10) 15, 1998 North Sea Brent blend is expected to flow at a rate of 641,068 bpd in February, slightly below last year's average output of 672,873 bpd, according to Brent system operator Shell Expro. Shell Expro said that for the first time it was releasing throughput figures for the entire Brent blend stream. Brent and Ninian system outputs are combined to form Brent blend at the terminal. www.gasandoil.com /goc/company/cne80976.htm   (221 words)

Civil Complaint for relief for Violation of 15 U.S.C. Section 1 : U.S. v. AIG Trading Corp. "Brent spread contract" means a commercial transaction in which there is a simultaneous: (i) purchase of a Brent contract for a given month forward; and (ii) sale of a Brent contract for a different month forward. The brokerage commission paid by traders to brokers in connection with the purchase and sale of Brent spread contracts and CFDs is usually expressed in terms of an amount per barrel purchased and sold. In connection with Brent spread contracts and CFDs, a broker is usually paid a full brokerage commission by each party to the transaction. www.usdoj.gov /atr/cases/f1300/1345.htm   (795 words)

Brent House   (Site not responding. Last check: 2007-09-10) Brent is a city located in Bibb County, Alabama. Brent is located at 32°56'24.864" North, 87°10'29.935" West (32.940240, -87.174982). Brent is located at 30°28'14" North, 87°14'57" West (30.470496, -87.249127). www.artistbooking.com /trips/24/brent-house.html   (1202 words)

HM Revenue & Customs: Oil Taxation Office - Statutory Market Values A separate value is produced for each taxable crude blend that is the subject of non arm's length disposals. These values, which are published biannually eight months after the end of the chargeable period to which they relate, are the result of applying the methodology laid down at OTA75/Sch3to the deal data returned to Oil Taxation Office by participators and their associates. The crucial value is that of Brent blend; the statutory market values for all the other crude blends are produced by adding or subtracting a differential to the Brent value. www.hmrc.gov.uk /oto/stat_market_values_brent_forties.htm   (317 words)

Oil markets explained   (Site not responding. Last check: 2007-09-10) Brent is generally accepted to be the earth benchmark, although sales volumes of Brent itself are far under those of, for example, some Saudi Arabian crude oils. According to the IPE, Brent is used to cost two thirds of the earth's internationally traded crude oil supplies. In practice, the cost differences between Brent, WTI and the Opec basket are not large. www.data-news.net /news-article_storyid-426.htm   (638 words)

Alexander's Gas & Oil Connections - Oil prices hit two-year low on economic concerns Brent Blend closed at $ 19.73/b on October 31st, down 36.5 % since September 11th's brief high of $ 31.05/b. Thus, assuming no disruption to oil supply, Brent Blend will average $ 23.1/b in the fourth quarter of 2001, before falling back to average $ 21.51/b in 2002 and then inching down through to 2005 as the market remains plagued by persistent oversupply. Thus, dated Brent Blend will average $ 25.42/b in 2001, down 10.8 % on 2000, as dark clouds build across the global economy. www.gasandoil.com /goc/news/ntn14993.htm   (877 words)

Financial Express: It's cold comfort for crude oil market from United States freeze   (Site not responding. Last check: 2007-09-10) International benchmark Brent blend crude from the North Seatraded two cents lower at $10.15 a barrel in early business. Brent so far this year has averaged only $13.38, the lowest oil price since 1976, and down from $19.30 in 1997. While Brent is traditionally quoted at a premium to Dubai, the bell weather crude fell to a record 40 cents below Dubai last month, triggering a jump in West African imports to Asia in December. www.expressindia.com /fe/daily/19981226/36055404p.html   (716 words)

Statistics Norway: Oil market, 2005 - Volatile oil market The average Brent Blend spot price in the first and second quarter of 2005 was USD 47.46/bbl and USD 51.20/bbl respectively. A mild start to the winter and high levels of refinery throughput contributed to significant stock builds in the fourth quarter of 2004 and led to a sharp fall in crude prices from the peak in October to the end of the year. The Brent Blend spot price averaged USD 64.46/bbl in August and peaked at USD 67.81/bbl. www.ssb.no /ogintma_en/main.html   (1154 words)

ExxonMobil | global crude oils | brent   (Site not responding. Last check: 2007-09-10) The main fields of the Brent system are Brent, Cormorant, Hutton, Thistle, Murchison (22% Norwegian), and Dunlin. Sullom Voe (60 Deg 27' N. 01 Deg 17' W), a major deep-water harbor, is the loading terminal for oil flowing through the Brent and Ninian pipelines from a group of oil fields in the east Shetland Basin. Brent Blend is a high quality, light, low-sulfur North Sea crude oil. www.prod.exxonmobil.com /crude_oil/crudes/mn_brent.html   (269 words)

RIA Novosti - Russia - Company Watch: LUKoil says crude flow to China will reduce Brent/Urals spread Brent cargoes are known as Dated Brent cargoes once they acquire a specific set of loading dates, usually at a point about two weeks from loading. Before this point, Brent cargoes are typically traded generically as so-called 15-day Brent. The dated Brent market generates prices which have become a key benchmark for contract pricing of crude oil worldwide. en.rian.ru /russia/20051206/42329809.html   (283 words)

USATODAY.com - Oil climbing on U.S. reprisal fears   (Site not responding. Last check: 2007-09-10) European benchmark Brent Blend crude settled $1.06 stronger at $29.43 a barrel after earlier hitting a high of $29.82. Cartel kingpin Saudi Arabia said it backed the United States in its fight on terrorism, and said it was ready to cover any eventual shortfall in oil supply with its OPEC partners. Brent oil is about 9% above its level before the attacks but still below the $31.05 per barrel it touched in panic buying on Tuesday immediately after the attacks. www.usatoday.com /money/energy/2001-09-14-oil-war-premium.htm   (656 words)

Commodity price index for the industrial sectors, per 15 May 2001 - Prices of Brent Blend up   (Site not responding. Last check: 2007-09-10) The price of crude oil (Brent Blend) went up 11.7 per cent from April to May. Together with a price increase for refined petroleum products and basic metals, this contributed to a 6.0 per cent increase in the index. The 12-month rate went from 9.8 per cent in April to 4.6 per cent in May. All main groups had a poorer growth in the 12-month rate this month with the exception of electricity. Among the main industrial groupings energy goods went up 9.3 per cent, while intermediate goods rose 0.9 per cent. www.ssb.no /vppi_en/arkiv/art-2001-06-11-01-en.html   (278 words)

The Scotsman - Business - Profit-taking boosts oil OPEC was given a brief respite yesterday as world oil prices recovered from near two-year lows as bearish speculators took profits from a dramatic recent slide, but a prolonged ascent looks unlikely. European benchmark Brent Blend crude oil rose by 45 cents to US$18.25 per barrel by late afternoon in London, while US futures jumped 56 cents to $18.68. So far, the speculators are winning as Brent has slumped 10 per cent since the beginning of the month to near its lowest level since mid-1999. thescotsman.scotsman.com /business.cfm?id=1656022001   (364 words)

Putin Wants More for Russian Oil President Vladimir Putin said on Monday that he was unhappy that Russia's Urals crude oil sells at a discount to benchmark Brent crude, and asked the Cabinet to take measures to reduce the gap. The Urals blend, the most common crude pumped in Russia, typically trades at a discount of around $3 to $5 to the benchmark Brent blend, which is bought and sold in London. The Urals blend has higher sulphur content and density than Brent, which makes it more costly to refine. www.themoscowtimes.com /stories/2005/08/16/045.html   (271 words)

Stipulation and Order : U.S. v. AIG Trading Corp. B. "Brent spread contract" means a commercial transaction in which there is simultaneous: (i) purchase of a Brent contract for a given month forward; and (ii) sale of a Brent contract for a different month forward. D. "Broker" means any person, other than a trader, who is regularly engaged in the business of providing, for remuneration, the service of locating buyers for prospective sellers, or sellers for prospective buyers, of Brent spread contracts or CFDs. E. "Brokerage commission" means the amount of remuneration paid to a broker for arranging the purchase and sale of Brent spread contracts or CFDs by other persons. www.usdoj.gov /atr/cases/f1300/1343.htm   (1014 words)

ArabDataNet.com news Oil prices have been climbing upward since August to just over $25 a barrel in October--a price not seen since the Gulf war in 1990/91--for the global price benchmark Brent Blend. On Tuesday, Brent Blend dated for January 1997 delivery on London's International Petroleum Exchange dropped 41 cents to $22.62 per barrel with the Iraqi announcement. However, prices are still well above the $17.21 paid for Brent Blend a year ago. www.arabdatanet.com /news/DocResults.asp?DocId=366   (739 words)

Energy Citations Database (ECD) - Energy and Energy-Related Bibliographic Citations Energy Citations Database (ECD) Document #6629491 - Brent Blend, North Sea benchmark, assayed Availability information may be found in the Availability, Publisher, Research Organization, Resource Relation and/or Author (affiliation information) fields and/or via the "Full-text Availability" link. This paper reports on Brent Blend, an important benchmark crude oil exported from the North Sea, recently assayed.^Brent blend is a light, paraffinic, low-sulfur crude oil that yields a full range of good quality, low-sulfur products.^Brent blend is a blend of crudes from eight different fields mainly in the British sector of the North Sea. www.osti.gov /energycitations/product.biblio.jsp?osti_id=6629491   (153 words)

Price Of Oil Resources   (Site not responding. Last check: 2007-09-10) After the record level of the crude oil price in June the crude oil price (Brent Blend) rose further by 8.5 per cent - to 379 NOK per barrel. Brent North Sea crude oil for March delivery gained US66c to $US31.23. At least 27 people were killed and 72 injured when a huge explosion, apparently caused by a defective boiler, ripped through a liquefied natural gas plant near the eastern Algerian port of Skikda, Health Minister Mourad Redjimi said in Algiers. www.totaly-oil.info /price-of-oil   (2005 words)

State Seeks to Reward Superior Oil The government revived the idea of setting up a crude oil quality bank on Tuesday, a day after President Vladimir Putin said he was unhappy Russia's Urals crude sold at a discount to the benchmark Brent blend. Urals crude is of lower quality in terms of sulphur content and gravity than Brent or BFO, which has replaced Brent as the international benchmark. Urals has traded at a discount to BFO for years, with the differential fluctuating between as little as $1 and as much as $8. www.themoscowtimes.com /stories/2005/08/17/046.html   (285 words)

Fruits   (Site not responding. Last check: 2007-09-10) Can be machine washed in cold water / gentle cycle; tumble dry cool / gentle cycle. Tapestry Pillow: 18" x 18"; cotton tapestry blend; spot clean or dry clean only; $30.00 Tapestry Placemat: 13" x 18"; cotton tapestry blend; spot clean or dry clean only; $8.00 www.paulbrent.com /shop/fruit.html   (219 words)

Crude prices surge after terrorist attacks on U S Crude oil prices surged Tuesday after aircraft attacks destroyed the World Trade Center and damaged the Pentagon in a terror attack on the United States. London Brent Blend futures hit a peak of $31.05 a barrel, its highest level since December last year, before closing at $29.06, up $1.61 or nearly 6% on the day. Analysts said the attacks have heightened uncertainties around the Middle East, and it was speculated they could be linked to the recent explosion of violence in the Middle East between Palestinians and Israel. trailer-bodybuilders.com /news/trucks_crude_prices_surge/index.html   (301 words)

The Scotsman - Business - OIL & GAS: Output worries hit Brent   (Site not responding. Last check: 2007-09-10) OIL prices climbed yesterday, matching recent two-month highs despite fresh worries that OPEC member Venezuela is pumping in excess of its official cartel output limit. London Brent blend traded 21 cents firmer at $26.49 per barrel and US crude was 24 cents higher at $27.81 despite new doubts about Venezuela’s commitment to OPEC output policy raised on Thursday. Venezuelan finance minister Tobias Nobrega said the nation’s oil production will rise in the second half of 2002. thescotsman.scotsman.com /business.cfm?id=779062002   (383 words)

Scotsman.com Business - Energy & Utilities - Crude prices stabilise ahead of OPEC meeting   (Site not responding. Last check: 2007-09-10) WORLD oil prices held firm in holiday-affected trade yesterday, buoyed by a fall in US crude and heating oil inventories ahead of next week’s crucial OPEC meeting. In a day muted by the Thanksgiving holiday in the US, Brent Blend closed up 23 cents in London at $28.70 per barrel. Many traders stayed on the sidelines with the US markets shut until Monday. business.scotsman.com /utilities.cfm?id=1309652003   (368 words)

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