Is Brent Oil Reflecting The Iran War Accurately? | Brent Vs Dubai/ Oman Oil Benchmarks | N18V
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Is Brent Oil reflecting the Iran War accurately?
If You think this is Bad then just wait until The Petrodollar Collapse Comes and The Sh!t hits The Fan!
Indian basket of crude oil Mix of Brent & Dubai/Oman.
Dubai/Oman price is already $140-150.
Brent and Texas crude oil are two of the most widely traded types of crude oil in the world.
Brent Crude Oil
Brent crude oil is a light, sweet crude oil extracted from the North Sea, primarily from the UK, Norway, and Denmark. It's a benchmark for oil prices in Europe, Africa, and the Middle East. The name "Brent" comes from the Brent oilfield, which was discovered in 1971. Today, the Brent blend includes crude oil from several fields, including Forties, Oseberg, Ekofisk, and Troll. Brent crude is used to refine diesel fuel and gasoline ¹ ².
West Texas Intermediate (WTI) Crude Oil
WTI, also known as Texas crude oil, is a light, sweet crude oil produced in the United States, mainly in Texas, Oklahoma, and North Dakota. It's a benchmark for oil prices in the US. WTI is considered a high-quality crude oil due to its low sulfur content and density. It's used to refine gasoline and other petroleum products ³ ².
Key Differences
- *Location*: Brent is extracted from the North Sea, while WTI is produced in the US.
- *Sulfur Content*: WTI has a lower sulfur content (0.24%) compared to Brent (0.37%).
- *API Gravity*: WTI has a higher API gravity (39.6) than Brent (38.0), indicating it's lighter.
- *Pricing*: Brent is often priced higher than WTI due to global demand and transportation costs.
These differences affect the pricing and availability of Brent and WTI crude oil in the global market.
Via AI
Prashant Nair explains.
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Brent today at 112.36
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Thanks for your informative and insightful analysis. It's one of the first times I've heard a sober assessment of the situation with fuel in the gulf. Most are based on preconceptions and contain a dangerous word (in this context): "hopefully".
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Who tastes the crude oil for its sweetness/sour flavors😂
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Great breakdown. Quality detailed information is sorely lacking in legacy media.
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But we are getting most of the crude from Russia currently 🤔 why is russian oil not included in our crude basket?
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Is the market reflecting this
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You can’t defeat in an idea every person that they murder turns more of the Iranian people against us .. is dumb. You can’t win a war like that. They will not let any US ships through that street the traffic you see now is Iranian ships that the US government is allowing to pass.
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Yes it will hit 200 then drop to $30 But regular fuel will go up to 20gal us ! Amount won’t matter if u can’t refine it lol .. that’s why they hiding the damage the damage structurally to isreal will be in the trillions !!
The United States is out the Middle East people juts to fence to understand that .. the stock market is about to crash and not recover the dollar will temporarily reach $1.50 Before it stabilizes at $1.29 then the bond market will crash over night .. housing should crash next week .
This started before the Iran war
It just drove a silver stake though our hearts ..
No repair!
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