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

Step 1: Understanding the Concept.
Brent crude is one of the main global benchmark grades used to price oil, so we check each statement against what Brent actually is.

Step 2: Check statement 1.
Brent is indeed one of the handful of major benchmark classifications of crude oil, alongside WTI (West Texas Intermediate) and the OPEC basket, so statement 1 is true.

Step 3: Check statement 2.
Brent crude is extracted from oil fields in the North Sea, between the UK and Norway, so statement 2 is true.

Step 4: Check statement 3.
Brent is classified as a “sweet” crude, meaning it has low sulphur content, but “low” is not the same as “zero”. It still contains a small amount of sulphur, so the claim that it “does not contain sulphur” is too strong and is false.

Step 5: Final Answer.
Statements 1 and 2 are correct, statement 3 is not, so the answer is option B, 1 and 2 only.