The world’s oil-price benchmark is being radically reformed
A revolution is under way in the oil industry: the world’s benchmark of oil prices is now undergoing a complete transformation. The age-old system is being reinvented to bring economic benefits into the 21st century.
Radical reform of the world’s oil-price benchmark seeks to avert chaos
The global effort to prevent an oil-price crisis has entered a new phase, with proposed radical reform of the world’s oil-price benchmark seeking to avert chaos. This shift in policy could spark a major transformation in the global energy industry.