Brent is a light and low-sulfur crude oil, which is produced in Brent and Nizhnan oil fields in the North Sea and widely traded in futures, OTC swaps, forwards and spot spot markets. At present, more than 65% of the world's physical crude oil is linked to Brent system pricing. The loading port of Brent crude oil is Sullom Voe in shetland islands, Beihai. The main users are refineries located in northwest Europe and the east coast of the United States. On June 23rd, 1988, (IPE) was launched, including Beihai, Africa and other countries and regions, all based on this. Because of this satisfied demand, it is considered as a "highly flexible trading tool" and is among the best in the world.

Three benchmarks.