2016 poised to be a year of change for investors - FT.com:
"The world’s major economies are beginning to diverge. The US may have been first to begin the withdrawal process from rock bottom rates, but fears remain about its future growth prospects.
The UK is expected to follow suit and raise rates by the end of next year, yet Europe is still cutting them. Investors everywhere are nervously watching for signs of deflation, though the silver lining of the oil price slump could be increased consumer spending power."
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Saturday, 19 December 2015
Shell calls for tougher regulation of Dubai oil benchmark | GulfNews.com
Shell calls for tougher regulation of Dubai oil benchmark | GulfNews.com:
"Royal Dutch Shell PLC on Thursday called for tougher regulation of the Dubai crude benchmark, the Middle East's most important oil-pricing mechanism, after record trade volumes skewed prices.
Industry players have been calling on pricing agency Platts to review its Dubai assessment, saying record trading by Chinese state companies in August during the Market-on-Close process pushed liquidity to the limit and disrupted Dubai's relationship with other global benchmarks. The Dubai marker sets the prices for more than 12 million barrels per day of Middle Eastern and Russian crude exports to Asia.
"Regrettably, there have been times in recent months where the price of Dubai (crude) was assessed well in excess of the fundamental refining value of other comparable Middle Eastern crudes," Shell said in a statement."
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"Royal Dutch Shell PLC on Thursday called for tougher regulation of the Dubai crude benchmark, the Middle East's most important oil-pricing mechanism, after record trade volumes skewed prices.
Industry players have been calling on pricing agency Platts to review its Dubai assessment, saying record trading by Chinese state companies in August during the Market-on-Close process pushed liquidity to the limit and disrupted Dubai's relationship with other global benchmarks. The Dubai marker sets the prices for more than 12 million barrels per day of Middle Eastern and Russian crude exports to Asia.
"Regrettably, there have been times in recent months where the price of Dubai (crude) was assessed well in excess of the fundamental refining value of other comparable Middle Eastern crudes," Shell said in a statement."
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