Can I read Brent Crude Oil : Genesis and Development of the World's Most Important Oil Benchmark on EtoBox?

Brent Crude Oil : Genesis and Development of the World's Most Important Oil Benchmark by Adi Imsirovic (ed.) is a nonfiction available to read on EtoBox.

What is Brent Crude Oil : Genesis and Development of the World's Most Important Oil Benchmark about?

In 2023, the Brent oil benchmark, a key international oil price marker for global crude oil underwent a substantial change. It incorporated another key benchmark, West Texas Intermediate oil from Midland, produced in the US and sold into European and Asian markets. Brent is used to set prices for over 70 per cent of global crude oil, so this fundamental change in the composition of the benchmarks is making some observers question its future development and even its survival. Lessons from the past are very important for the future, particularly in this case. This book revisits the history and genesis of the Brent oil benchmark and how it came to dominate the global oil market for oil. With chapters written by the individuals involved in trading and shaping the market, it brings the richness and texture to the usual historical narrative by recalling the events, companies and people who shaped its history. It introduces the historical background to the international oil markets and the reasons for a move from OPEC-set prices to oil benchmarks. It discusses the role of the North Sea in the international oil markets, as well as the role of the British government in the British national

Who reads Brent Crude Oil : Genesis and Development of the World's Most Important Oil Benchmark?

Author

Adi Imsirovic (ed.)

Publisher

Palgrave Macmillan

Published

2023

Language

EN

ISBN

9783031282324

Category

nonfiction

Subjects

History, Management, Business