Brent Crude Oil

Released on by Adi Imsirovic
preview-18

  • Brent Crude Oil Book Detail

  • Author : Adi Imsirovic
  • Release Date : 2023-04-29
  • Publisher : Springer Nature
  • Genre : Business & Economics
  • Pages : 148
  • ISBN 13 : 3031282329
  • File Size : 27,27 MB
DOWNLOAD BOOK

Brent Crude Oil by Adi Imsirovic PDF Summary

Book Description: 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.

Disclaimer: www.yourbookbest.com does not own Brent Crude Oil books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Brent Crude Oil

Brent Crude Oil

File Size : 75,75 MB
Total View : 3832 Views
DOWNLOAD

In 2023, the Brent oil benchmark, a key international oil price marker for global crude oil underwent a substantial change. It incorporated another key benchmar

Oil Markets and Prices

Oil Markets and Prices

File Size : 85,85 MB
Total View : 1764 Views
DOWNLOAD

The market for North Sea Brent Oil directly determines the price of over one-half of the world trade in crude oil. This study analyzes the workings of the oil m

Volatility of Oil Prices

Volatility of Oil Prices

File Size : 68,68 MB
Total View : 7300 Views
DOWNLOAD

This paper examines the behavior of crude oil prices since 1980, and in particular the volatility of these prices. The empirical analysis covers “spot” pric