Brent Blend

(redirected from Brent Crude Oil)

Brent Blend

A blend of light, sweet crude oil drilled in the North Sea. Brent blend futures are traded on the International Petroleum Exchange and are considered an important benchmark for oil prices: much of the oil coming the Middle East, Africa, and Europe is priced relative to Brent blend.
References in periodicals archive ?
Bank of America Merrill Lynch (BofAML) has completed its Global Energy Paper by their Global Commodity Research team, and a key message is that the bank has decided to maintain its estimates from last year, with Brent crude oil prices averaging $50 to $70/bbl in a medium-term horizon to 2023.
We now project an average Brent crude oil price of $64 per barrel in 2018, compared to $56 per barrel prior.
The price of Brent crude oil last Wednesday fell from the highest levels, a level not seen since the market decline in 2014.
We now see a deficit of 430,000 bpd in 2018 compared to 100,000 bpd prior, and thus see Brent crude oil prices averaging $64 a barrel in 2018 compared to $56 prior.
37 percent of Brent crude oil price, and commodity trading giant Gunvor is also bringing in supplies at the exact same rate.
In international markets, Brent crude oil futures also rose, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China.
The price for January futures of Brent crude oil has decreased by 0.
Likewise, the Brent crude oil, amid speculations oil producers would agree on extending the output slash at an upcoming meeting in end of this month.
Brent crude oil currently runs at around $46 per barrel.
The EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC enables investors to participate in the performance of Brent crude oil.
Brent crude oil breaks through the $50 barrier, but investors remain cautious
Also, February-deliverable North Sea Brent crude oil rose by 37.