Days of Futures Past Episode 7 | Adi Imsirovic, Director at Surrey Clean Energy and Former Global Head of Oil Trading at Gazprom Marketing & Trading
SmarterMarkets™
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The Importance of Tax Spinning in the Early Brent Market
In excess of supply tends to create spot markets and a shortage of Supply tends to create forward markets. I wanted to get back to the point about the the tax policies because with any new market there's always trying to get those initial volumes that can create a pool of liquidity. A lot of that in the in the UK market from my understanding was attributed to tax spinning brought around by by the fiscal policy. So I was hoping you might be able to describe for our listeners What was meant by tax spinning?
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