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Brent Blend, comprising 15 oils from fields in the Brent and Ninian systems in the East Shetland Basin of the North Sea. The brent crude Oil is landed at Sullom Voe in the Shetlands. Oil production from other parts of the world is often compared to the price of this brent oil, which forms a benchmark for the oil price.
Brent Crude Oil is one of the major classifications of oil consisting of Brent Crude, Brent Sweet Light Crude, Oseberg and Forties. Brent Crude oil is produced or sourced from the North Sea.
Brent blend is a fairly light crude oil, though not as light as West Texas Intermediate (WTI). It contains approx 0.37% of sulfur, classifying it as Sweet Crude, yet again not as sweet as WTI. Brent blend is ideal for production of Gasoline. It is most often refined in Northwest Europe, but when the market oil prices are favorable for export, it can also be refined also in the United States or the Mediterranean region.