How much was Brent oil price? (March 30, 2023 oil prices) – Last Minute Economy News
Brent petrol How many dollars?
Brent oil, which fell to the level of $ 72 last week, started the week with an increase.
Brent oil, which tested the level of $ 79 yesterday, is trading at $ 77.30 on the morning of March 30.
The rise in prices was driven by the uncertainty over global oil demand being replaced by supply concerns.
WHAT IS BRENT PETROL?
It is oil that drives the world oil market. Also known as London Brent or Brent Blend. Named „Brent Goose“ by the issuing company Shell, it contains 0.37% sulfur, which makes Brent Petroleum in the „sweet oil“ class, which is easier to process.
It is easier for refineries that process crude oil to produce gasoline or diesel fuel from low-sulphur, that is, sweet oil. Oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel fuel. It also facilitates shipping directly to remote areas by sea as it is shipped off the sea.
For the price of oil, it is important where it comes from and from which region it is extracted. The cheaper and faster production is more demanded. There is also a difference between the price of oil extracted from the sea and oil extracted from land.
HOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the data on the CMB’s website; One barrel of oil is equivalent to 42 gallons of crude oil (159 liters).
19.6 gallons of gasoline, 10 gallons of diesel fuel and heater fuel, 4 gallons of jet fuel, 1.7 gallons of heavy fuel oil, 1.7 gallons of LPG and 7.6 gallons of other derivatives can be produced from a barrel of crude oil.
Not all crude oils are equivalent.
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As of the morning of March 30, Brent oil is trading at $77.30. The article does not mention how many dollars a barrel of Brent oil is priced at. However, one barrel of oil is equivalent to 42 gallons of crude oil (159 liters).
