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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Oil giants wage war on EU over price speculation

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Related articles:

Oil hopes dashed by OPEC meeting

"Maersk, Dong and Hess are squeezing us intensely"

IEA projects continued oversupply of oil

Sign up for our newsletter

Front page now

Ukraine's grain exports halves in one year

Navigare Capital cashes in from sale of several ships

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs