gs1medium
In the context of global oil prices, "Brent crude oil" is frequently referred to in the news. What does this term imply?
- 1.It is a major source classification of crude oil.
- 2.It is sourced from the North Sea.
- 3.It does not contain sulphur.
Which of the statements given above is/are correct?
- A.2 only
- B.1 and 2 only
- C.1 and 3 only
- D.1, 2 and 3
▶ Answer & Explanation
Correct answer: B. 1 and 2 only
Brent crude oil is a major global oil benchmark, representing a significant classification of crude oil. It is indeed sourced from oil fields in the North Sea. While Brent is considered a "sweet" crude due to its relatively low sulfur content (less than 0.5%), it does contain some sulfur, meaning statement 3 is incorrect.
Source: UPSC gs1 2011