This latest issue of the Oxford Energy Forum provides an update on the state of play of the world’s oil benchmarks.
The theme of oil benchmarks was examined in the February 2012 edition of OEF. The new edition is timely. In May 2013, the world of oil trading was thrown into turmoil by raids onthe offices of Shell, BP, Statoil, and Platts (the price reporting agency),conducted by the European Union alleging collusion to manipulate prices. September 2013 saw the publication of a draft proposal bythe European Commission for the regulation of fi nancial benchmarksin the wake of the LIBOR scandal.
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