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Brent Crude A tracked procurement-relevant organisation, company, supplier, country, region, port, commodity, regulator, route or similar subject.

Type The kind of entity being tracked, such as Company, Country, Port, Commodity or Regulator.
Commodity
Record status The current record state of the entity, such as active, merged or archived.
Active
Review status The internal editorial review state of the entity record.
Pending
Description
North Sea crude oil price benchmark. Accepted collision risk: 'Brent' is also a London borough - judged low-frequency enough in this corpus (a commodities/procurement platform) to be worth it.
Procurement relevance
Importance An analyst-assigned input describing how strategically important the entity is. This is one of the inputs used to calculate Entity Criticality below -- Importance is the judgement call an analyst makes; Entity Criticality is the deterministic score calculated from it.
Strategic
No
Critical supplier
No
Watchlist Marks an entity for closer monitoring when new relevant signals or events mention it.
Not watched
Mentions The number of distinct real collected signals in which the entity has been identified.
48
First seen
2026-07-07 00:00:00
Last seen
2026-08-20 11:30:00
Record type
REAL
Entity Criticality A deterministic 0-100 score and Tier 1-5 rating of how structurally important this entity is to procurement and supply chains in general -- computed from its importance level, critical-supplier/strategic/watchlist flags and entity type. Country and Region entities are not scored here; they contribute through geographic exposure instead. This is a global assessment, not specific to any one customer's own exposure. TIER 1 · PERIPHERAL 0/100 Whether this entity's criticality inputs have actually been reviewed. A score of 0 can mean either 'assessed and found unimportant' or 'never assessed yet' -- this indicator distinguishes the two so an unassessed entity is never mistaken for a confirmed low-criticality one. UNASSESSED

ENTITY CRITICALITY: 0 — TIER 1, PERIPHERAL Limiting factor: Importance level not set (70 points below its maximum). DATA QUALITY: no curated inputs have been set for this entity yet -- this score reflects the absence of assessment, not a confirmed low-criticality finding.

Calculated 2026-08-01 11:36:35 (calculation version v1).

Current Status

4 open events Canonical events linked to this entity that are still Breaking, Active or Monitoring -- not yet Closed, rejected or merged into another event. · 4 total linked events · 0 Developing Intelligence threads · 0 report appearances · Not watched

Events Canonical events linked to this entity that are still Breaking, Active or Monitoring -- not yet Closed, rejected or merged into another event.

Clear
Headline The concise title of the canonical procurement event. Type The kind of real-world development identified, such as a supply shortage, contract award, regulatory change or production disruption. Significance Significance estimates the potential procurement impact of the event, including factors such as supply, cost, operations, geography and strategic importance. Confidence Confidence indicates how reliable ProcIntel considers the event assessment based on the quality, quantity and independence of the supporting evidence. It does not measure the event's importance. Lifecycle Lifecycle shows the current state of the development: Breaking is newly detected, Active remains current, Monitoring is being watched for further changes, and Closed is no longer actively developing. Review The internal review status of the event record. It is separate from the real-world lifecycle of the underlying development. Articles The number of source articles linked to this canonical event. Several articles may describe the same underlying development. Evidence strength A plain-language assessment of how much independent evidence supports the Developing Intelligence thread.
Oil Prices Rise for Fourth Day as Hormuz Traffic Slows Commodity price movement 3 · Material 2 · Low Breaking Pending 1 Low
Oil Prices Rise as Iran Hardens Hormuz Demands Commodity price movement 3 · Material 2 · Low Breaking Pending 1 Low
Oil Prices Rise as Iran Hardens Hormuz Demands Production disruption 3 · Material 2 · Low Breaking Pending 1 Low
Oil prices rise as Brent climbs above $90 per barrel Commodity price movement 3 · Material 2 · Low Breaking Pending 1 Low

Developing Intelligence An evolving procurement situation made up of several distinct but clearly related events over time.

No Developing Intelligence threads

This entity is not currently part of any Developing Intelligence thread.

Reports Weekly Intelligence Report editions in which an event or Developing Intelligence thread linked to this entity has appeared.

No report appearances

This entity has not yet appeared in any Weekly Intelligence Report edition.

Relationships A structured link between two entities, such as a company operating at a port or a regulator overseeing an industry.

No relationships recorded yet

Relationship intelligence will populate automatically as evidence is gathered.

Timeline Every recorded action involving this entity -- source mentions, linked events being created or updated, Developing Intelligence links, report appearances and entity-record actions such as merges -- in one dated feed. Nothing here is inferred; each entry is drawn from an existing record.

DateWhat happenedDetail
2026-08-10 06:18:45 Confidence Changed — "Oil Prices Rise as Iran Hardens Hormuz Demands" 2
2026-08-10 06:18:45 Pri Recalculated — "Oil Prices Rise as Iran Hardens Hormuz Demands" PRI: 17 — MINIMAL Base risk 37/100 × Low confidence multiplier (0.45). Highest contributor: Significance 61/100, normalised to this factor's 40-point cap (+24 of 40). Limiting factor: Linked-entity criticality 4/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (29 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.
2026-08-10 05:30:00 Mentioned in "Oil Prices Rise as Iran Hardens Hormuz Demands" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-10 01:45:00 Mentioned in "Asia stocks edge higher, oil up amid Gulf confusion" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-10 00:25:00 Mentioned in "Asia stocks edge higher, oil up amid Gulf confusion" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-07 23:00:00 Mentioned in "Oil Traders Stay Bearish Despite Deepening Middle East Disruptions" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-07 18:05:14 Mentioned in "Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-07 00:20:00 Mentioned in "Oil extends gains as Iran strikes targets in Strait of Hormuz" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-06 16:30:00 Mentioned in "Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-06 06:23:00 Mentioned in "Asia shares fall on tech pullback, oil stable as Iran talks stay in focus" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-06 05:10:00 Mentioned in "Iran and Oman Near Landmark Deal to Manage Strait of Hormuz" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-04 15:45:00 Mentioned in "Oil Extends Losses After US, Qatar Signal Progress on Iran Draft Deal" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-04 11:08:00 Mentioned in "Oil rebounds 1%; Brent at $84.89 barrel" The text "Brent futures" in the article matched a known alias of Brent Crude.
2026-08-03 03:05:00 Mentioned in "Oil Prices Plunge 5% as Trump Halts Iran Strike Plans" The text "Brent futures" in the article matched a known alias of Brent Crude.
2026-08-03 02:22:00 Mentioned in "Oil Price Today (August 3): Crude oil crashes 5% below $84 as Trump delays attack on Iran. What are experts saying?" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-02 23:40:00 Mentioned in "Oil tumbles as Trump cancels attack on Iran to reach nuclear deal" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-01 12:29:20 Created — "Oil prices rise as Brent climbs above $90 per barrel" Commodity price movement: 'Oil prices rise as Brent climbs above $90 per barrel' (lifecycle=Breaking)
2026-08-01 12:29:20 Pri Recalculated — "Oil prices rise as Brent climbs above $90 per barrel" PRI: 1 — MINIMAL Base risk 5/100 × Very Low confidence multiplier (0.15). Highest contributor: A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty) (+5 of 15). Limiting factor: No Significance score yet (event has no linked articles) (40 points below its maximum). DATA QUALITY WARNING: no eligible entities.
2026-08-01 12:29:20 Pri Recalculated — "Oil prices rise as Brent climbs above $90 per barrel" PRI: 1 — MINIMAL Base risk 5/100 × Very Low confidence multiplier (0.15). Highest contributor: A single event -- not yet corroborated by a separate clustered event (neutral baseline, not a penalty) (+5 of 15). Limiting factor: No Significance score yet (event has no linked articles) (40 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.
2026-08-01 12:29:20 Article Linked — "Oil prices rise as Brent climbs above $90 per barrel" source_item #1532
2026-08-01 12:29:20 Significance Changed — "Oil prices rise as Brent climbs above $90 per barrel" 3
2026-08-01 12:29:20 Confidence Changed — "Oil prices rise as Brent climbs above $90 per barrel" 2
2026-08-01 12:29:20 Pri Recalculated — "Oil prices rise as Brent climbs above $90 per barrel" PRI: 16 — MINIMAL Base risk 36/100 × Low confidence multiplier (0.45). Highest contributor: Significance 61/100, normalised to this factor's 40-point cap (+24 of 40). Limiting factor: Linked-entity criticality 0/100, normalised to this factor's 30-point cap -- DATA QUALITY WARNING: all linked entities data insufficient (30 points below its maximum). DATA QUALITY WARNING: all linked entities data insufficient.
2026-08-01 12:04:00 Mentioned in "Oil prices rise as Brent climbs above $90 per barrel" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-08-01 11:36:35 Criticality Recalculated ENTITY CRITICALITY: 0 — TIER 1, PERIPHERAL Limiting factor: Importance level not set (70 points below its maximum). DATA QUALITY: no curated inputs have been set for this entity yet -- this score reflects the absence of assessment, not a confirmed low-criticality finding.
2026-07-31 13:26:11 Alias Removed
2026-07-31 13:26:11 Alias Added Brent oil
2026-07-31 13:26:11 Alias Added Brent futures
2026-07-31 13:26:11 Alias Added Brent price
2026-07-31 12:56:34 Alias Added Brent
2026-07-31 12:56:34 Created Brent Crude
2026-07-31 04:56:58 Mentioned in "Oil Prices Head for 20% Monthly Surge Despite Recent Pullback" The text "Brent crude" in the article matched a known alias of Brent Crude.
2026-07-07 00:00:00 Mentioned in "EIA Short-Term Energy Outlook (STEO) — Brent Crude Oil Price Forecast — Released July 7, 2026" The text "Brent Crude" in the article matched a known alias of Brent Crude.

Aliases

Review History

DateActionPreviousNewReviewerNote
2026-07-31 12:56:34 Alias Added Brent
2026-07-31 12:56:34 Created Brent Crude
2026-07-31 13:26:11 Alias Removed Brent Stage 7.7 Brent fix
2026-07-31 13:26:11 Alias Added Brent oil Stage 7.7 Brent fix
2026-07-31 13:26:11 Alias Added Brent futures Stage 7.7 Brent fix
2026-07-31 13:26:11 Alias Added Brent price Stage 7.7 Brent fix
2026-08-01 11:36:35 Criticality Recalculated score=None, tier=None score=0, tier=1 Stage 9.5B backfill (recompute-only, no input change) ENTITY CRITICALITY: 0 — TIER 1, PERIPHERAL Limiting factor: Importance level not set (70 points below its maximum). DATA QUALITY: no curated inputs have been set for this entity yet -- this score reflects the absence of assessment, not a confirmed low-criticality finding.