gs1medium

In the context of global oil prices, "Brent crude oil" is frequently referred to in the news. What does this term imply?

  1. 1.It is a major source classification of crude oil.
  2. 2.It is sourced from the North Sea.
  3. 3.It does not contain sulphur.

Which of the statements given above is/are correct?

  1. A.2 only
  2. B.1 and 2 only
  3. C.1 and 3 only
  4. 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

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