- Abstract:
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The Brent market is reputed to determine the price for about two-thirds of the world’s oil trade. Yet Brent is probably the least appropriately regulated commodity market in the world.
The two-thirds estimate is difficult to verify because so much of what is traded takes place in the opaque over-the-counter (‘OTC’) market. Nevertheless the proportion of international oil pricing that relies on a Brent index is undeniably large and is still growing.
While Brent looks set to be...
Expand abstract - Publication status:
- Published
- Peer review status:
- Peer reviewed
- Version:
- Publisher's version
- Files:
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(pdf, 282.5KB)
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- Publisher:
- Oxford Institute for Energy Studies
- Journal:
- Oxford Energy Forum Journal website
- Volume:
- 87
- Pages:
- 6-8
- Publication date:
- 2012-02-05
- ISSN:
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0959-7727
- URN:
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uuid:de46cde4-4e78-4a1e-be9a-5f39a86023aa
- Local pid:
- ora:11208
- Language:
- English
- Keywords:
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 2012
Journal article
Oil price benchmarks in international trade: it is time for another oil change
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