Question

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 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

Hint:

“Sweet” crude means low sulphur, not zero sulphur.

Answer 1

The Correct Option is B

Brent crude oil questions usually test three facts: what kind of classification it is, where it comes from, and its sulphur content, so we take the statements one at a time.

1. Statement 1, major classification: True. Brent is one of the world's key reference (benchmark) grades used to set oil prices, alongside WTI.
2. Statement 2, sourced from the North Sea: True. Brent fields lie in the North Sea, off the coast of the UK and Norway, which is where the name comes from.
3. Statement 3, no sulphur: False. Brent is a "sweet" crude, which means it is low in sulphur, not free of it. Zero sulphur is not accurate.

So statements 1 and 2 hold, and statement 3 overstates the fact.

The correct answer is option B, 1 and 2 only.