Oil Gas Information

Brent Blend

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. Read the rest of this entry »

The Organization of the Petroleum Exporting Countries(OPEC) was created in 1960 to unify and protect the interests of oil-producing countries. OPEC allows oil-producing countries to guarantee their income by coordinating policies and prices among them. Read the rest of this entry »