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
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
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