Friday 29 August 2014
 
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oil pricing

G20 watchdog to study oil pricing agencies

Global securities watchdog IOSCO will study transparency and governance at oil pricing services such as Platts and Argus as part of broader G20 efforts to limit speculation in commodities markets. The International Organisation of Securiti

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Iraq may adopt new oil pricing benchmark

Iraq is likely to switch the benchmark for pricing of its crude exports to the United States to a sour crude index from Nymex US light sweet crude futures, according to the head of state oil marketing. 'Probably,' Falah Alamri, hea

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Opec may switch to euro for oil pricing

Opec may abandon the dollar for pricing oil and adopt the euro but any such switch will 'take time', a top Opec official was quoted as saying. A fall in the dollar has eroded oil exporters' purchasing power, prompting some  members to ca

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