Paul Newman

What's the most important development you've seen?
The arrival of price transparency in OTC energy markets nearly twenty years ago. Although oil and products had been traded since time began, price transparency really only happened from around 1990. In part, transparency was driven by the second oil price shock in 1979, which led the dominant "Seven Sisters" oil majors to avoid long term fixed price contracts, and the spot market was born.

Is the oil market distorted by speculators?
No, it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here