Asia oil dealer of the year: BNP Paribas

Bank assists producers and consumers in the face of dramatic moves in oil markets

Gunnar Hoest - Deutsche Bank
Gunnar Hoest, BNP Paribas

During the past 18 months, the oil market has provided no shortage of surprises. By January this year, prices for front-month Ice Brent North Sea crude oil futures had sunk from a 2014 closing peak of $115.06 a barrel (/bbl) to less than $50/bbl. Prices later recovered, reaching as much as $67.77/bbl at the close on May 6. But, struck by a potential relaxation of western sanctions on Iran and fears about China's economic slowdown, prices then dipped once again. The front-month contract closed at