Plans for the biggest overhaul in decades of how international oil prices are measured are being put on hold following objections over how to treat shipping costs. Prices of Texas oil were going to be included in assessments of Brent crude, the benchmark price underpinning the world’s most important commodity market, starting in July 2022. …
The post Crude-Oil Price Overhaul Hits Delay Amid Shipping-Cost Uproar first appeared on Hellenic Shipping News Worldwide.