What is London Brent?

What does Brent mean in oil?

Brent is the name given to a relatively light crude oil made from a blend of crudes from 19 oil fields in the North Sea. Brent Crude is one of the three main benchmarks for crude oil prices per barrel, along with West Texas Intermediate (WTI) from North America and Dubai Crude from the Persian Gulf.

Which part of London is Brent?

The London Borough of Brent, in north-west London, is the most diverse borough in England. From the Shri Swaminarayan Mandir in Neasden, to the iconic Wembley Stadium arch, Brent is filled with multi-cultural landmarks.

What is Brent and WTI?

West Texas Intermediate: An Overview. The major difference between the crude oils Brent Crude and West Texas Intermediate is that Brent Crude originates from oil fields in the North Sea between the Shetland Islands and Norway, while West Texas Intermediate is sourced from U.S. oil fields.

What is Brent crude used for?

Brent crude is the most traded of all of the oil benchmarks, and is defined as crude mostly drilled from the North Sea oilfields: Brent, Forties, Oseberg and Ekofisk (collectively known as BFOE). This oil type is widely used as it is both sweet and light, making it easy to refine into diesel fuel and gasoline.

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Is Brent a poor area?

Overview. Brent is an outer London borough located in the north-west of London. The poverty rate in this borough is significantly higher compared to the overall poverty rate in London. Within Brent 33% are living in poverty, while in all of London this number is 28%.

Is Brent a good place to live?

Ealing is the happiest place in west London but Brent is one of Britain’s most miserable places, according to a new survey.

How happy are people where you live?

Borough National ranking (out of 206) London ranking (out of 32)
Brent 203 30

Is Brent a safe area?

Crime and Safety in Brent

For England, Wales, and Northern Ireland as a whole, Brent is the 25th safest city, and the 837th most dangerous location out of all towns, cities, and villages. … The most common crimes in Brent are violence and sexual offences, with 9,131 offences during 2020, giving a crime rate of 28.

Why is WTI cheaper than Brent?

Another reason is that WTI supplies are produced in landlocked areas, and nowadays need to be transported to the coast, where most refineries are located. Because of growth in U.S. oil production, there’s a glut of oil supply in the U.S. midwest. So WTI now trades at a price “discount” to Brent oil.