Oil prices are typically quoted per barrel — this is the same for the Brent crude oil spot price. What Drives the Price of Oil? Crude oil is extracted from underground oil reserves. In Brent crude oil ...
The most important type of crude oil used in Europe is Brent Crude, named after the North Sea oilfield where it is extracted. Brent Crude is a particularly light crude oil which is carried from ...
Oil production has slowed in the past decade but new discoveries are still being made in the North Sea. 13:13, 9 DEC 2024 Union fury as Rosebank oil field's main offshore vessel being built in Dubai ...