shortage.life · last_sync · 2026-07-02 12:49:48 UTCbuild 27d88d1 · node v22.22.2

// node

shortage.life
v0.3 · brussels · build f3a2c81
● online · 47/47 sources · 312ms

// $_ exec

$ shortage commodity get OIL.BRT
> spot: $70.50/bbl
> stress_index: 0.62 WATCH
> updated 14:31 UTC

// readout · live

BRENT     $70.5/b 
TTF       €43.7/MWh 
OPEC_ORB  n/a
SPR_US    331.2 Mb 
FAO_FFPI  130.8 
auto-refresh 60slatency 312msbuild 0.3.0commit f3a2c81UTC 00:00:00
$_TICKER
BRENT$70.50▲0.17%TTF€43.70● 0.0%HH$3.17▲0.32%SPR_US331.2 Mb17.0dEU_GAS47.7%18c avgFAO_FFPI130.8▼0.2%WHT$6.02/bu▼0.17%BRENT$70.50▲0.17%TTF€43.70● 0.0%HH$3.17▲0.32%SPR_US331.2 Mb17.0dEU_GAS47.7%18c avgFAO_FFPI130.8▼0.2%WHT$6.02/bu▼0.17%
~/commodities/oil·category: energycite · /api/v1/commodities/OIL.BRT

Brent Crude / OIL.BRT

energy$/bblupdated: 14:31 UTC
WATCH
SPOT · $/bbl$70.50/bbl
Δ24H▲0.50%
Δ7D▲1.42%
Δ30D▼2.47%
STRESS · v3.20.62

[ 00 ]  $_SERIES · OIL.BRT · spot trend

OIL.BRT · $/bbllast 84

[ 00b ]  $_PRICE · OIL.BRT · daily close

OIL.BRT · daily close$/bbl

Daily closing prices, 2026-02-02 → 2026-05-15 — Iran-war energy-crisis window.

READ MODE// long-form zoneEDITORIAL · commodity analysisdesk: Markets·last revision 14:31 UTC
Commodity analysis · OIL.BRT · v3.2

Brent Crude, and what the reading means.

The global crude benchmark. Watched for spare-capacity tightness and Persian Gulf transit risk.

Desk Markets·EN · FR · ES, DE pending·sources: EIA, OPEC, IEA, FAO, USDA

What is Brent Crude?

Brent Crude is the global benchmark for light sweet crude oil, priced in US dollars per barrel and traded on the Intercontinental Exchange (ICE). It anchors roughly two-thirds of internationally traded crude. The shortage.life spot reading is $70.50/bbl with a stress index of 0.62.

The global crude benchmark. Watched for spare-capacity tightness and Persian Gulf transit risk. At the latest reading, Brent Crude prints a spot of $70.50/bbl — a move of ▲0.50% over the past twenty-four hours and ▼2.47% across the trailing thirty days.

The v3.2 stress index places OIL.BRT at 0.62 — a watch reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.

For operators, the question is not the spot itself but the buffer behind it. A tightening reading on Brent Crude compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry OIL.BRT as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.

Frequently asked

Why does the Brent Crude price matter?
Brent sets the floor for most non-US crude grades and feeds directly into transport fuel, petrochemical feedstock and macro inflation. A persistent move above $100/bbl typically signals tight OPEC+ spare capacity and shifts the operational risk profile for refiners, airlines and heavy industry.
How does shortage.life compute the oil stress index?
The oil stress index blends five inputs: OPEC+ effective spare capacity, OECD strategic-stocks coverage in days, the Brent-WTI spread, supplier concentration (HHI on top-five exporters) and active geopolitical events tagged to oil corridors. Full weights and methodology are at /methodology v3.2.
Which countries hold strategic petroleum reserves?
The largest disclosed strategic petroleum reserves are held by the United States (SPR, ~374 Mbbl), China (estimated 350-450 Mbbl), Japan (~329 Mbbl), South Korea (~104 Mbbl) and the EU's Member-State reserves. Combined IEA member coverage is ~1.5 billion barrels — roughly 75 days of net imports.

[ 02 ]  $_COUNTRIES · OIL.BRT · production

Top by production

JODI Oil/Gas Data Initiative · JODI · latest 2025-12-15
  1. USAUSA13.65mb/d● 0.0%
  2. SAUSAU10.08mb/d● 0.0%
  3. CANCAN4.4mb/d● 0.1%
  4. CHNCHN4.2mb/d● 0.0%
  5. KWTKWT2.58mb/d● 0.0%
  6. NORNOR2.01mb/d● 0.2%
  7. MEXMEX1.66mb/d● 0.0%
  8. KAZKAZ1.6mb/d● 0.2%

Biggest movers (m/m)

JODI · |Δ| desc — anomaly-led view · JODI · latest 2025-12-15
  1. MYSMYS0.5mb/d● 0.4%
  2. GBRGBR0.62mb/d● 0.3%
  3. IDNIDN0.57mb/d● 0.3%
  4. DZADZA0.97mb/d● 0.2%
  5. EGYEGY0.5mb/d● 0.2%
  6. KAZKAZ1.6mb/d● 0.2%
  7. NORNOR2.01mb/d● 0.2%
  8. CANCAN4.4mb/d● 0.1%

[ 01 ]  $_SCENARIOS · with OIL.BRT exposure

// HORMUZ-2026 · ELEVATED

Persian Gulf 5-day tanker disruption.

prob 0.34 · severity 4.2 / 58 countries affected · oil + wheat + insurance + lithium
open scenario →
// SANCTIONS-Q3 · WATCH

Q3 secondary sanctions on Iranian petrochem.

prob 0.58 · severity 3.0 / 52 countries primary · 12 cascade exposure
open scenario →
// MALACCA-2026 · WATCH

Strait of Malacca chokepoint disruption.

prob 0.18 · severity 4.4 / 59 East Asian importers affected · crude + LNG + container freight
open scenario →
// GULF-REFINERY-2026 · WATCH

Gulf refinery and export-terminal outage.

prob 0.23 · severity 3.6 / 5Gulf exporters + product importers · crude loadings + refined product
open scenario →
// SNAPBACK-2026 · WATCH

Full sanctions snapback on Iranian crude.

prob 0.36 · severity 3.9 / 5Iran primary · China + Gulf cascade · crude + freight
open scenario →
// PAKISTAN-FX-2026 · WATCH

Pakistan foreign-exchange crisis halts fuel imports.

prob 0.33 · severity 3.7 / 5Pakistan · fuel + LNG + fertilizer import financing
open scenario →
// GULF-HURRICANE-2026 · MONITORING

US Gulf Coast hurricane disrupts refining and LNG export.

prob 0.44 · severity 3.3 / 5US refining + LNG · European + Asian LNG buyers
open scenario →
// IRAQ-GRID-2026 · WATCH

Iraqi power-grid collapse on lost Iranian supply.

prob 0.29 · severity 3.4 / 5Iraq · power grid + crude export operations
open scenario →
// IBERIA-GRID-2026 · WATCH

Iberian peninsula grid instability under summer peak demand.

prob 0.30 · severity 3.4 / 5Iberian peninsula · power grid + LNG regasification + ports
open scenario →
// EU-GAS-2026 · ELEVATED

European winter gas-supply squeeze.

prob 0.46 · severity 4.1 / 545 European markets · gas + power + storage refill
open scenario →
// NORTHSEA-2026 · MONITORING

North Sea supply cliff accelerates UK and Norwegian export decline.

prob 0.33 · severity 2.8 / 54 North Sea producers · oil + gas exports
open scenario →
// PANAMA-2026 · WATCH

Prolonged Panama Canal drought disruption.

prob 0.44 · severity 3.2 / 58 Pacific-facing economies · freight + grain + fuel
open scenario →
// CARIBBEAN-FUEL-2026 · ELEVATED

Caribbean import-fuel crisis.

prob 0.48 · severity 3.5 / 514 Caribbean economies · diesel + jet fuel + power
open scenario →
// CUBA-GRID-2026 · ELEVATED

Cuban national grid collapse.

prob 0.57 · severity 4.0 / 5Cuba + Haiti · power + food cold chain
open scenario →
// ANDEAN-HYDRO-2026 · WATCH

Andean hydro drought tightens regional power.

prob 0.40 · severity 3.0 / 55 Andean grids · hydro power + rationing
open scenario →
// US-GULF-2026 · WATCH

US Gulf Coast refining strain.

prob 0.36 · severity 2.7 / 5United States + Mexico · refined products
open scenario →
// LEVANT-2026 · ELEVATED

Levant energy-system collapse.

prob 0.54 · severity 4.2 / 55 Levant economies · power + fuel
open scenario →
// SOUTHASIA-FERT-2026 · ELEVATED

South Asian fertilizer and fuel crunch.

prob 0.50 · severity 3.7 / 58 South Asian economies · fertilizer + fuel + food
open scenario →
// SEASIA-GRID-2026 · WATCH

Southeast Asian grid strain.

prob 0.42 · severity 3.0 / 511 Southeast Asian economies · power + manufacturing
open scenario →
// CAUCASUS-2026 · MONITORING

South Caucasus energy-supply risk.

prob 0.31 · severity 2.5 / 53 South Caucasus economies · transit + supply
open scenario →
// GULF-EXPORT-2026 · WATCH

Gulf hydrocarbon export disruption.

prob 0.38 · severity 4.0 / 510 Gulf and Red Sea economies · oil + LNG exports
open scenario →
// SAF-GRID-2026 · ELEVATED

Southern African grid crisis.

prob 0.53 · severity 3.8 / 510 Southern African economies · power + mining
open scenario →
// SAHEL-2026 · ELEVATED

Sahel instability disrupts fuel and food supply.

prob 0.56 · severity 4.0 / 54 Sahel economies · fuel + food + transit
open scenario →
// WAFRICA-POWER-2026 · WATCH

West African power deficit.

prob 0.47 · severity 3.3 / 513 West African economies · power + industry
open scenario →
// EAFRICA-FX-2026 · WATCH

East African foreign-exchange and fuel squeeze.

prob 0.46 · severity 3.2 / 510 East African economies · fuel + FX + food
open scenario →
// MAGHREB-2026 · MONITORING

Maghreb energy-transition strain.

prob 0.30 · severity 2.4 / 54 Maghreb economies · gas + renewables
open scenario →
// CAFRICA-OIL-2026 · MONITORING

Central African oil-output decline.

prob 0.34 · severity 2.6 / 57 Central African economies · oil revenue
open scenario →
// ISLANDS-2026 · WATCH

African island-states fuel crisis.

prob 0.44 · severity 3.0 / 56 African island economies · diesel + power
open scenario →
// PACIFIC-FUEL-2026 · ELEVATED

Pacific island fuel crisis.

prob 0.49 · severity 3.4 / 512 Pacific island economies · diesel + power
open scenario →
// PACIFIC-CYCLONE-2026 · WATCH

Severe Pacific cyclone season disruption.

prob 0.40 · severity 3.1 / 58 Pacific economies · infrastructure + supply lines
open scenario →
← all commodities · 72 tracked · license CC-BY-4.0