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Location: Brent Blend is a combination of crude oil from 15 different oil fields in the North Sea. It is less âlightâ and âsweetâ than WTI, but still excellent for making gasoline.It is primarily refined in Northwest Europe, and is the major benchmark for other crude oils in Europe or Africa.rent blend is generally priced at about a $4 per barrel premium to the OPEC Basket price or about a $1-2 per barrel discount to WTI. WTI is also known as Light Sweet Crude, the majority of which is located in the Permian oil Field.
its current short term energy outlook projects that brent crude oil prices will average about $ 104 per barrel in 2014 that s down from the 2013 average of $ 108 41 and the more than $ 111 in the prior two yearsmost analysts agree that brent crude oil prices will fall in 2014the average analyst estimate is around $ 105 per barrel analysts see lower demand and higher supplies weighing down the price of brent crude oil in 2014hat s down from the 2013 average of $ 108 41 and the more than $ 111 in the prior two years most analysts agree that brent crude oil prices will fall in 2014 the average analyst estimate is around $ 105 per barrel analysts see lower demand and higher supplies weighing down the price of brent crude oil in 2014