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 is a major global oil benchmark, representing a significant classification of crude oil. It is sourced from the North Sea and is known for its relatively low sulfur content, classifying it as 'sweet' crude. This makes it a benchmark for the quality and price of other crude oils.
Source: UPSC gs1 2011