Books
|
Buy Now
Brent Crude Oil - Genesis and Development of the World's Most Important Oil Benchmark (1st ed. 2023)
Loot Price: R1,272
Discovery Miles 12 720
|
|
Brent Crude Oil - Genesis and Development of the World's Most Important Oil Benchmark (1st ed. 2023)
Expected to ship within 12 - 17 working days
|
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 oil and gas monopoly (British
National Oil Corporation or BNOC). The development of the North Sea
oil, which coincided with the liberalisation policies in the UK and
US, is also discussed, alongside the challenges of the oil exchange
(International Petroleum Exchange) in London, the home of Brent and
looks at the failures, attempted takeovers, and its eventual sale
to the Intercontinental Exchange (ICE). It finally discusses the
growing market ecosystem of the price reporting agencies (PRAs),
which play a key role in establishing the value of the Brent
benchmark.
General
Imprint: |
Palgrave Macmillan
|
Country of origin: |
Switzerland |
Release date: |
June 2023 |
Editors: |
Adi Imsirovic
|
Dimensions: |
210 x 148mm (L x W) |
Pages: |
90 |
Edition: |
1st ed. 2023 |
ISBN-13: |
978-3-03-128231-7 |
Categories: |
Books
|
LSN: |
3-03-128231-0 |
Barcode: |
9783031282317 |
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.