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Oil platform in the North Sea. 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, Brent Crude usually refers to the price of the ICE (Intercontinental Exchange) Brent Crude Oil futures contract or the contract itself.
SBU – Strategic Business Unit; SBLC – Stand By Letter of Credit; SCM – Supply Chain Management; SCBA – Social Cost Benefit Analysis; SEBI – Securities and Exchange Board of India; SEC – Securities and Exchange Commission; SEDOL – Stock Exchange Daily Official List; SF – Structured Finance; SG&A – Sales, General, and ...
MDT – modular formation dynamic tester, a tool used to get formation pressure in the hole (not borehole pressure which the PWD does). MDT could be run on Wireline or on the Drill Pipe; MDR – mud damage removal (acid bullheading) MEA – monoethanolamine; MEG – monoethylene glycol; MEIC – Mechanical Electrical Instrumentation Commission
WTI is West Texas Intermediate oil. It describes a light oil with relatively low sulfur. While it might be produced in West Texas, the WTI designation can be designated to any crude that can meet ...
The global energy market is comprised of 3-distinct groups. The producers search for energy which includes crude oil and natural gas. The consumer uses the end product that is created for them by ...
The ongoing decline in the spread between Brent and WTI crude prices during 2013 slashed the margins of leading oil refineries such as Valero Energy and Marathon Petroleum . Will the premium of ...
The International Exchange, now ICE Futures (since 2005-04-7), based in London, was one of the world's largest energy futures and options exchanges.Its flagship commodity, Brent Crude was a world benchmark for oil prices, but the exchange also handled futures contracts and options on fuel oil, natural gas, electricity (baseload and peakload), coal contracts and, as of 22 April 2005, carbon ...
Brent is not as light or as sweet as WTI but it is still a high-grade crude. The OPEC basket is slightly heavier and more sour than Brent. As a result of these gravity and sulfur differences, (at least before 2011) WTI is typically traded at a dollar or two premium to Brent and another dollar or two premium to the OPEC basket. [4]