×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

GS-III :
  • 23 April, 2020

  • 2 Min Read

Brent and WTI

Brent and WTI

  • Brent crude oil originates from oil fields in the North Sea between the Shetland Islands and Norway, while West Texas Intermediate (WTI) is sourced from US oil fields, primarily in Texas, Louisiana, and North Dakota.
  • WTI with a lower sulphur content (0.24%) than Brent (0.37%), is considered "sweeter".
  • Both oils are relatively light, but Brent has a slightly higher API gravity, making WTI the lighter of the two.
    • American Petroleum Institute (API) gravity is an indicator of the density of crude oil or refined products.
  • Brent crude price is the international benchmark price used by OPEC while WTI crude price is a benchmark for US oil prices.
    • Since India imports primarily from OPEC countries, Brent is the benchmark for oil prices in India.
  • The cost of shipping for Brent crude is typically lower since it is produced near the sea and can be put on ships immediately. Shipping of WTI is priced higher since it is produced in landlocked areas like Cushing, Oklahoma where the storage facilities are limited.

Source: TH


Group of Four (G4) on UNSC Reform

Group of Four (G4) on UNSC Reform Under the auspices of The Group of Four (G4), the External Affairs Minister of India met with his counterparts from Brazil, Germany, and Japan. Details about the news G4 discussed concerns pertaining to the UN Security Council reform during a meeting that took place alongside the 77th session of the

Draft Indian Telecommunication Bill 2022

Draft Indian Telecommunication Bill 2022 To control Internet-based OTT (Over-The-Top) telecom services, the Department of Telecommunications (DoT) recently announced the draught Indian Telecommunications 2022 Bill. ?????????????? What are the Draft Bill's Main Points? The Indian Telegraph Act, 1885, Indian Wireless Telegraph

Fly Ash

Fly Ash The National Green Tribunal (NGT) has emphasised the urgent need for Chhattisgarh to increase the use and disposal of fly ash. ??????? About 15 state, national, and privately owned electricity generating units are concentrated in Korba, Chhattisgarh, makes the situation much more dire. What is Fly Ash? Burning

Breakthrough Agenda Report 2022

Breakthrough Agenda Report 2022 The UN Climate Change High-Level Champions, the International Energy Agency (IEA), and the International Renewable Energy Agency (IRENA) have launched The Breakthrough Agenda Report 2022, which focuses on international cooperation to accelerate greenhouse gas emission reductions. What are the Report

International Year of Millets 2023

International Year of Millets 2023 In preparation for the International Year of Millets in 2023, the Ministry of Agriculture and Farmers Welfare has planned a number of pre-launch activities and initiatives to raise awareness and encourage involvement in the nation about the illustrious but long-forgotten golden grains. Numerous initiatives

Toppers

Search By Date

Newsletter Subscription
SMS Alerts