Oil giants wage war on EU over price speculation

New rules for hedging of oil prices could spur companies to move jobs out of Europe. Oil giants like BP and Shell are currently threatening the UK’s positions as a financial hub.

BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH

A number of the biggest oil traders in the world could be ready to equip their corporate finance employees with a one-way ticket out of London to New York or Singapore, according to Financial Times.

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