Brent Crude definition

Brent Crude means crude oil produced from the Brent system in the North Sea, a price setting benchmark in the world energy market;
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Brent Crude means classification of sweet, light crude oil that serves as a major benchmark price for purchases of oil worldwide.
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Brent Crude means a global market benchmark used for crude oil pricing purposes based upon the trading price of crude oil produced in the North Sea.
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Examples of Brent Crude in a sentence

  • In respect of Brent Crude Oil: Brent blend light crude oil on the Intercontinental Exchange (the "ICE", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the Delivery Date (as defined below) of the futures contract, stated in U.S. Dollars per barrel, as made public by the Price Source on each Pricing Date.

  • The total purchase price for these assets was US$340 million paid at the completion of the acquisition on 31 July 2010 and a contingent payment of US$33 million payable 30 days after the second anniversary, 31 July 2012, if the average price per barrel of Brent Crude oil over the period from acquisition up to 31 July 2012 exceeds US$80 per barrel.

  • Presentation by Corrina Gould – Commissioner Willis said she will contact her to be at the September meeting.

  • In respect of Brent Crude Oil:Brent blend light crude oil on the Intercontinental Exchange (the "ICE", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the Delivery Date (as defined below) of the futures contract, stated in U.S. Dollars per barrel, published by the Price Source on each Pricing Date.

  • In respect of Brent Crude Oil: Brent blend light crude oil on the Intercontinental Exchange (the "ICE", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the Delivery Date of futures contract, as set out in "Specific Provisions for each Series" above, stated in U.S. Dollars per barrel, as made public by the Price Source on each Pricing Date.

  • In respect of Brent Crude Oil: Brent blend light crude oil on the Intercontinental Exchange (the "ICE", "Exchange" and "Price Source") for the settlement price (the "Specified Price") for the First Nearby Month (the "Delivery Date") futures contract, stated in U.S. Dollars per barrel, as made public by the Price Source on Pricing Date.

  • Two of these benchmarks dominate world crude oil futures trading, namely ICE Futures Brent Crude Future Contracts, traded in London on the ICE Futures Market, and West Texas Intermediate (WTI) — Light Sweet Crude Oil Futures, traded on the New York Mercantile Exchange (NYMEX).

  • For example, WTI Crude Oil, Brent Crude Oil, Gasoline or Heating Oil contracts should be considered as being all sub-categories of the same commodity (i.e. oil).

  • Additionally, the Exchange is listing one new monthly cash settled futures contract, the Fuel Oil Crack - Marine Fuel 0.5% USGC Barges (Platts) vs Brent Crude 1st Line Balmo Future (“MGG”), which is based on the difference between the Platts daily assessment for 0.5% FOB US Gulf Coast Barges Marine Fuel and the ICE settlement price for Brent 1st Line Futures.

  • The Brent Crude prices fell to a low of around USD 13 per barrel in the month of April 2020, the lowest in the last 20 years.


More Definitions of Brent Crude

Brent Crude means a major trading classification of sweet, light crude oil that is predominantly used in the United Kingdom and elsewhere in the world.
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Related to Brent Crude

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