Governments and Markets

Adi Imsirovic ()
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Adi Imsirovic: The Oxford Institute for Energy Studies (OIES)

Chapter Chapter 10 in Trading and Price Discovery for Crude Oils, 2021, pp 141-158 from Springer

Abstract: Abstract Oil companies looking for safe oil sources. PermianPermian Rock in Europe. Government policies did not help. How government monopolies worked and failed. UK tax regime worked well for the oil companies. Tax spinningspinning and trading. Thatcher, Regan, and free markets. Liberalisationliberalisation and the Big BangBig Bang. North SeaNorth Sea trading expands. New players and financialization of the oil market. BrentBrent goes global. Price reporting agenciesprice reporting agencies (PRAs) and benchmarks.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-71718-6_10

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DOI: 10.1007/978-3-030-71718-6_10

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