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Topic: Brent Crude


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  Crude oil   (Site not responding. Last check: 2007-11-05)
Crude oil is the mixture of petroleum liquids and gases (together with associated impurities) pumped out of the ground by oil wells.
Currently (March 2003), Brent crude stands at $33 per barrel.
Crude oil, like coal and natural gas, is generally held to be the product of compression of ancient vegetation over geological timescales.
www.wikisearch.net /en/wikipedia/c/cr/crude_oil.html   (278 words)

  
 Petroleum - Wikipedia, the free encyclopedia
Petroleum (from Latin petra – rock and oleum – oil), crude oil, sometimes colloquially called fl gold, is a thick, dark brown or greenish flammable liquid, which exists in the upper strata of some areas of the Earth 's crust.
Crude oil was distilled into kerosene by Ignacy Lukasiewicz, a Polish scientist.
Brent Blend, comprising 15 oils from fields in the Brent and Ninian systems in the East Shetland Basin of the North Sea.
en.wikipedia.org /wiki/Crude_oil   (3352 words)

  
 Petroleum - Encyclopedia.WorldSearch   (Site not responding. Last check: 2007-11-05)
Petroleum (from Latin petrus – rock and oleum – oil), mineral oil, or crude oil, sometimes colloquially called fl gold, is a thick, dark brown or greenish flammable liquid, which exists in the upper strata of some areas of the Earth 's crust.
Generally the first stage in the extraction of crude oil is to drill a well into the underground reservoir.
Wet oil is normally bought and sold via bilateral deals between companies, typically with reference to a marker crude oil grade that is typically quoted via the pricing agency Platts, for example in Europe a particular grade of oil, say Fulmar, might be sold at a price of "Brent plus US$0.25/barrel".
encyclopedia.worldsearch.com /petroleum.htm   (2118 words)

  
 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)

  
 CRUDE OIL PRICING
A futures contract for crude oil is a promise to deliver a given quantity of crude oil but this rarely occurs as participants are more interested in taking a position on the price of the crude oil.
Generally this is based on a formula approach where a marker crude is used as the base and then a quality differential as well as a demand/supply (premium/discount) is added depending on the crude being purchased.
Prices of crude oil markers and petrol markers are affected by a myriad of factors from overall supply/demand for crude oil, supply/demand for petrol, freight rates and competition in the crude markets, and competition in the regional and domestic markets for petrol.
www.aip.com.au /pricing/crude.htm   (1292 words)

  
 Crude Oil   (Site not responding. Last check: 2007-11-05)
Crude oil consists of a mixture of petroleum liquids and gases (together with associated impurities) pumped out of the ground through oil wells.
The oil industry classifies "crude" by the location of its origin (e.g., "western Texas" or "Brent") and often by its relative weight or viscosity ("light", "intermediate" or "heavy"); drillers may also refer to it as "sweet", which means it contains relatively little sulfur (in the form of the gas H
Crude oil, a malodorous yellow-to-fl liquid, is a product of the decayed remains of prehistoric marine animals and terrestrial plants.
www.wikiverse.org /crude-oil   (637 words)

  
 Petroleum
After a drilling and pumping process to extract it from the strata, petroleum is refined by distillation.
Crude oil and refined fuel spills from tanker ship accidents have damaged fragile ecosystems in Alaska, the Galapagos Islands, Spain, and many other places.
Renewable energy source alternatives do exist, although the degree to which they can replace petroleum and the possible environmental damage they may cause is controversial.
www.brainyencyclopedia.com /encyclopedia/p/pe/petroleum.html   (1001 words)

  
 Crude oil prices surge after airstrike attacks
The gain at the close was the biggest in three months for crude oil, which has recently fallen to its lowest level in more than a decade.
Crude oil for January delivery rose as high as $12.62 a barrel on the New York Mercantile Exchange's after-hours trading system in the minutes after the attack began but then settled back to levels close to where it was before the attack began.
In London, January Brent crude oil rose 77 cents, or 7.5%, to $11 a barrel on the International Petroleum Exchange, a three-week high.
www.jsonline.com /news/iraq/1217oils.asp   (274 words)

  
 FuturesBuzz.com - Fundamental Research - Crude Oil
Crude oil is the world's most actively traded commodity, and the NYMEX Division light, sweet crude oil futures contract is the world's most liquid forum for crude oil trading, as well as the world's largest-volume futures contract trading on a physical commodity.
The Brent blend futures contract is based on a light, sweet North Sea crude oil that serves as a benchmark grade and widely trades as a differential to the NYMEX Division's bellwether light, sweet crude oil futures contract.
Complementing the Brent crude oil futures contract are an options contract, calendar spread options contracts, and an options contract on the Brent/West Texas Intermediate crude oil spread.
www.futuresbuzz.com /fr_crude.html   (575 words)

  
 business.iafrica.com | world news Brent crude sets record high close   (Site not responding. Last check: 2007-11-05)
Brent North Sea crude set a new record closing high on Wednesday, driven by the Iraq battle, crisis-torn Russian oil titan Yukos and fears of a strike in oil-rich Venezuela.
Saudi's spare capacity was in heavy crude, not the sweet crude, which is easier to refine to gasoline, he said.
US commercial crude oil inventories in the week ending August 6 fell 4.3 million barrels to 294.3 million, on the low side of average for this time of year, the Energy Department said.
business.iafrica.com /worldnews/340745.htm   (548 words)

  
 Fuel Prices Chronology
Crude and product prices soar upward; exchange markets react wildly to any middle east news events; cash markets dominate prices after trading hours; jet fuel prices rise to record spreads over other products due to increase in defense demand.
Crude oil prices drop $9-10 per barrel in one day after having risen $3-5 per barrel during the first half of January.
CPC plans to begin building a 932-mile pipeline to transport crude oil from the Caspian region to Russia's Black Sea coast in 1998 and begin shipping around 558,000 barrels per day of oil in 1999 (planned peak capacity is 1.4 million barrels per day).
www.npr.org /news/specials/oil/gasprices.chronology.html   (17840 words)

  
 crude :: crude oil :: crude oil prices :: crude oil future   (Site not responding. Last check: 2007-11-05)
crude :: crude oil :: crude oil prices :: crude oil future
crude, crude oil, crude oil prices, crude oil future
bloomberg crude oil prices :: london brent crude :: crude oil washing :: fractional distillation of crude oil :: crude oil company :: crude msds oil :: west texas crude oil price :: west texas crude :: light sweet crude oil prices :: crude oil refineries :: world crude oil prices :: bp crude oil
www.wm-casino.com /search.php?q=crude   (76 words)

  
 Encyclopedia: Petroleum   (Site not responding. Last check: 2007-11-05)
Gas-liquid chromatography (GLC), or simply gas chromatography (GC) is a type of chromatography in which the mobile phase is a carrier gas, usually an inert gas such as helium or nitrogen, and the stationary phase is a microscopic layer of liquid on an inert solid support.
Gas reinjection is the reinjection of natural gas into an underground reservoir, typically one already containing both natural gas and crude oil, in order to increase the pressure within the reservoir and thus induce the flow of crude oil.
Brent Crude is one of the major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg and Forties.
www.nationmaster.com /encyclopedia/Petroleum   (7937 words)

  
 Oil Markets >> Brent Crude futures @ The International Petroleum Exchange   (Site not responding. Last check: 2007-11-05)
This contract is tailored specifically to meet the oil industry's need for an international crude oil futures contract and is an integral part of the Brent pricing complex, which also includes spot and forward markets and is used to price over 65% of the world's traded crude oil.
The Brent Blend complex consists of three related markets - dated or physical Brent, forward Brent and IPE futures, and is used as a basis for pricing two thirds of the world's internationally traded crude oil.
The flexible nature of IPE Brent Crude futures enables companies to take delivery of physical crude supplies if they wish, through EFP or alternatively and more commonly, open positions can be cash settled after expiry against a physical price index.
www.theipe.com /oil/brent_futures.asp   (278 words)

  
 CBS News | Crude Futures Rise After Refinery Blast | March 24, 2005 11:42:33
Light, sweet crude for May delivery was up 11 cents to $53.92 a barrel by late morning in Europe in electronic trading on the New York Mercantile Exchange.
Brent crude, meanwhile, was up 24 cents to $53.28 a barrel on the International Petroleum Exchange.
Crude oil rose in after-hours electronic trading Wednesday following an explosion at a BP crude oil refinery in Texas, the third-largest in the United States, which left at least 14 people dead and more than 100 people injured.
www.cbsnews.com /stories/2005/03/24/ap/business/mainD891AFAO0.shtml   (490 words)

  
 Definition of International Petroleum Exchange
The International Petroleum Exchange in London is one of the world's premier energy futures and contracts exchange.Brent crude from North sea oil fields is one of the major commodities traded at the IPC.
Apart from Brent crude, natural gas and gas oil is also actively traded here.
Brent crude traded at the IPE is regarded as one of the bench marks for crude trade around the world.
www.wordiq.com /definition/International_Petroleum_Exchange   (357 words)

  
 Aktienboard.com - News: Ölpreis Brent -Wichtiger Widerstand in Reichweite   (Site not responding. Last check: 2007-11-05)
Sollte der Brent Crude Oil Future wider Erwarten direkt über 40,0 $ anziehen können, würde dies umgehend ein Kaufsignal bis 44-45 $ und anschließend bis zu 50 $ auslösen. Keine Freude für Autofahrer.
Fällt Brent Crude Oil hingegen auf Tagesschlußkursbasis unter 34,16 $ ab, löst dies ein Verkaufssignal bis in den 31,0 $ Bereich aus.Aktuell notiert der Future wieder auf der unteren Begrenzung der Range bei 34,16 $.
Fällt Brent Crude Oil hingegen auf Tagesschlußkursbasis unter 34,16 $ ab, löst dies ein Verkaufssignal bis in den 31,0 $ Bereich aus.
www.aktienboard.com /vb/news.php?id=21489&categoryid=7&s=beb04f10840e45653599ac8cd56af88f&   (2680 words)

  
 Deinonychus antirrhopus: Crude Oil Prices Fall   (Site not responding. Last check: 2007-11-05)
Crude oil prices were dropping amid reports that the U.S. will be increasing its stock of crude oil.
London Brent crude was down 46 cents at $32.65 a barrel, off nearly $1.50 from a post-Iraq (news - web sites) war peak reached on Monday.
U.S. light crude futures fell 47 cents to $36.03 per barrel, more than $2 down from a 13-year closing high struck last month.
www.steveverdon.com /archives/economics/001333.html   (288 words)

  
 Gold/Oil Ratio
For the exercise I shall be using the gold/brent crude ratio because Brent trades during the time I'm on the job.
The chart also shows that gold is holding its uptrend (reverses down through 360+-) and that Brent has dropped to test its rise from its November low (reverses down through 30.00+-).
On a daily view the ratio has the potential to go higher as gold outperforms Brent crude but on an hourly view the ratio is overbought and so we watch for signs of a downward counter trend move....watch to see if the ratio should take out 11.88 on an hourly plot basis.
www.gold-eagle.com /editorials_03/phillips021003.html   (173 words)

  
 Monthly Chronology
Brent crude oil for March delivery settles $1.63 per barrel higher, at $21.35 per barrel.
Crude oil prices have been rising during the month of March and continue to post six-month highs later in the month.
Crude oil production, that was in excess of 3 million barrels per day before the strike, is less than 500,000 barrels per day for many days in December.
www.eia.doe.gov /emeu/cabs/chrn2002.html   (19428 words)

  
 Keyword   (Site not responding. Last check: 2007-11-05)
U.S. light sweet crude for September delivery was up 45 cents to $60.39 a barrel in Asian trade, off an earlier high of $60.42 triggered by news of a fire at BP's giant Texas City refinery, the country's third-largest.
Brent crude oil in London climbed 22 cents a barrel to $60.07 after hitting a record high at $60.26.
Crude oil futures jumped by more than $2 a barrel Wednesday on concerns that strong demand for diesel will leave it and other distillate fuels, including heating oil, in short supply later this year.
www.freerepublic.com /focus/keyword?k=EnergyPrices   (5527 words)

  
 Soaring Global Demand for Oil Strains Production Capacity: OPEC Hits Limit for Crude Used in U.S. Gasoline; Price ...
The nations belonging to the Organization of Petroleum Exporting Countries are hitting their limit to produce light, sweet crude, the preferred grade of oil used to make gasoline, especially in the U.S. Capacity limits also plague the petroleum industry's so-called downstream end, which refines oil into essential consumer products such as gasoline.
U.S. crude values, along with North Sea-benchmark Brent crude oil—a comparable light crude also widely used to produce gasoline—are widely used to price oil produced and sold elsewhere.
Light, sweet crude remains in many corners of the world, but the energy industry doesn't have the capacity to pump it.
www.mindfully.org /Energy/2004/Oil-Global-Demand22mar04.htm   (977 words)

  
 IndiaDaily - Crude Oil Futures Prices Continue to Rise
Crude oil futures prices rose further Wednesday, a day after closing at the highest level in the 21 years that such contracts have been traded in New York amid continuing concerns about threats to supplies from Iraq and Russia.
U.S. light crude for September delivery briefly hit an intraday high of $44.30 a barrel in electronic trading in advance of the opening of trading on the New York Mercantile Exchange.
Oil prices have risen partly on concerns about the reliability of crude supplies from Iraq, where saboteurs have attacked pipelines and disrupted exports, and on fears of terrorist attacks in the United States.
www.indiadaily.com /breaking_news/4099.asp   (334 words)

  
 End Of Day Brent Crude Oil Chart   (Site not responding. Last check: 2007-11-05)
Brent Crude Oil (LO, IPE) - free financial charts and quotes provided courtesy of TradingCharts.com - following hundreds of commodities and thousands of stocks...
crude oil production by 10 percent per year over the next five years, reaching 720,000 barrels per day by the end...
Brent crude (LCOc1) in London fell 58 cents to end at $35.03.
www.futures-trading-primer.com /charts%5Fand%5Fquotes/10/end-of-day-Brent-Crude-Oil-chart.html   (377 words)

  
 Crude Oil   (Site not responding. Last check: 2007-11-05)
The oil group is also involved in WTI and other domestic crude markets, Persian Gulf Dubai, and Far East crudes.
These grades comprise the main “marker” crudes from which most of the world’s oil production is priced.
Our experienced staff is constantly looking for new trading and risk management tools to introduce to the industry, as well as advise new entrants to all aspects of the crude oil market.
www.pvmenergy.com /crude.htm   (196 words)

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