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Live HC Insider Podcast Event: Brent Crude Oil
The HC Commodities Podcast
The Importance of Brent as a Benchmark
Brent has huge ramifications for the global energy world and all of us in our back pocket. It was really the birth of the North Sea market which gave the first set of players a reason for having a price. The UK government wanted to know what the value of this stuff was so that it could get a tax yield. Over time, at each stage, every time there's another need, it evolves. Something else is built on top of this thing - we end up with an ungainly pyramid.
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