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Brent Crude Spot
XBRUSD.FOREX
Commodities · Physical Commodity

Brent crude quote priced in USD, used as a benchmark for global oil prices, energy markets, and inflation-sensitive assets.

Commodity Profile

Brent Crude Spot: Commodity identity, physical supply and demand, mine production, industrial uses, reserves and inventories, with historical charts, source dates and geographic coverage.

Brent Crude Spot commodity fundamentals

The physical economy

Follow the barrels

Oil moves from wells to refineries, into fuels and industrial materials, and through storage. The balance between production and consumption connects those stages.

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01

Road transport

Gasoline and diesel move people and goods.

02

Aviation

Jet fuel links oil demand with air travel.

03

Industry & materials

Petroleum is also a feedstock for chemicals and materials.

04

Heating & other fuels

Seasonal and regional needs shape consumption.

Supply & demand forces

The balance of oil

Quarter-end samples throughout the full available history. Incomplete latest quarters are excluded from charts; Headline figures use the latest reported observations. Each metric starts when its own source data begins.

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Follow the physical market.

Continue to production geography, historical balances, reserves and industrial uses with access to this asset.

Understanding the physical market

Brent crude fundamentals: questions answered

Do these statistics measure only Brent crude?

No. Brent is a crude-oil benchmark. World balances cover petroleum and other liquids within the EIA source definition, while United States inventory and refinery indicators provide geographic context. They are not Brent-only supply or demand.

What does oil supply minus demand show?

A positive balance indicates estimated supply exceeding demand for the matching period; a negative balance indicates a shortfall. The calculation uses matching source periods and releases. It is not a direct measurement of changes in worldwide oil stocks.

Can commercial inventories and emergency reserves be added together?

Only when their product and geographic coverage are compatible and do not overlap. OECD commercial inventories and the United States strategic reserve describe different pools of oil; adding them does not produce a worldwide inventory total.

What is OPEC spare production capacity?

It is estimated crude output that could be brought online within 30 days and sustained for at least 90 days. It is potential supply rather than oil already being produced or barrels held in storage.

How far back does the brent crude data go?

The earliest displayed source coverage begins in 1982. Start dates differ by metric; one indicator’s coverage does not apply to every chart. Full available history is the default view, with shorter views available from the History selector.

How often are these fundamentals updated?

iPulse AI refreshes these fundamentals monthly. Source releases may be annual, monthly or weekly, so each record keeps its own observation date and publication status. A refresh date does not mean every underlying observation is new.

Are the oil charts quarterly averages?

No. Each oil chart uses the last available source observation in each calendar quarter across its entire history. Incomplete trailing quarters are excluded. Source dates remain available in the data tables, and headline figures can refer to more recent reported observations.

How should estimates, forecasts and revisions be read?

Reported estimates can be revised as sources obtain better information. Forecasts, where available, are shown separately with dashed chart segments and are not realized outcomes. Missing observations are not converted to zero, and each metric retains its source and scope.

Statistics refreshed monthly · Sources and periods shown beside each metric.